25+ Years Of Legal Experience
Pet trusts are becoming increasingly common among responsible pet owners who want to ensure that their animals will be safe and well cared for if they can’t be there for them. All states as well as Washington, D.C. now have laws that address pet trusts. Under...
Trusts can be a valuable tool for estate planning, providing flexibility, control and privacy over the distribution of assets. One option to consider is a generation-skipping trust, which allows assets to be passed down to grandchildren or even further generations,...
As you likely know, a will is an important part of your estate plan. Your will outlines instructions on how to manage your estate and who is responsible for doing so. These instructions may be simple and to the point, but that does not mean there can’t be issues...
As an adult, one of your most important tasks is to create an estate plan. These plans serve several purposes, including setting up a plan for end-of-life care and determining how to care for loved ones after you pass away. As you’re setting up an estate plan, you’ll...
Totten trusts offer a streamlined approach to transferring specific financial resources upon death. These trusts, known as payable-on-death (POD) accounts, permit account holders to designate beneficiaries who will directly receive the assets held in bank accounts or...
A living trust can play a vital role in protecting your assets and getting them into the hands of those you wish as fast as possible once you die. Assets left outside of a trust (and not accounted for in another way, such as a beneficiary designation) usually need to...
A trust is an estate planning tool that lets you nominate a trustee to manage specific assets on behalf of your beneficiaries. If you get it right, a trust can considerably expand your estate planning options while granting you control over your estate even after...
A trust is an estate planning tool that lets you nominate a trustee to manage specific assets on behalf of your beneficiaries. If you get it right, a trust can considerably expand your estate planning options while granting you control over your estate even after...
The uncertainty of life will most certainly always trample over future plans. For instance, it's almost impossible to know which spouse will outlive the other, if they will remarry or the type of relationship that your loved ones will have after you're gone. To that...
An intentionally defective grantor trust (IDGT) is a mixture of an irrevocable and a revocable trust. It takes on the characteristics of a grantor trust for income tax purposes and an irrevocable trust for reducing estate tax. Assets in an IDGT trust aren't part of...