Articles — page 3
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How and When to Modify an Irrevocable Trust
Irrevocable trusts are a common tool in estate planning, designed to provide asset protection, minimize taxes, and ensure a smooth transfer of wealth to beneficiaries. However, despite their “irrevocable” label, there… Read “How and When to Modify an Irrevocable Trust”
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Reasons to Modify a Living Trust, and How to Do It
As life circumstances change, it’s important to periodically review and modify estate planning documents to ensure that they continue to meet your needs and goals. One commonly used estate planning tool is the living… Read “Reasons to Modify a Living Trust, and How to Do It”
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‘Tis the Season: How Charitable Giving Benefits Your Community and Your Estate
Modern Christmas is about a lot of things and yet giving has remained a core value of the holiday. When we gather with friends and family, we give our time. When we awaken on Christmas morning, we give gifts to our… Read “‘Tis the Season: How Charitable Giving Benefits Your Community and Your Estate”
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Trust Lawyers: You May Need Two Guardians for Your Minor Children
People often struggle with deciding who will serve as guardian for their minor children if they pass away. As trust lawyers, we’ve walked hundreds of families through this process. Sometimes, the family situation… Read “Trust Lawyers: You May Need Two Guardians for Your Minor Children”
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What is a Conservatorship, Anyway?
If you follow the news (or even if you don’t), you’ve probably heard the term “conservatorship” more in the last year or two than ever before in your life. Both the Britney Spears conservatorship and the Amanda Bynes… Read “What is a Conservatorship, Anyway?”
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Reasons to Establish a Family Trust
We wanted to share a blog post from a friend of ours. Thomas Glascock is an estate planning attorney out of New York. We work together in the National Network of Estate Planning Attorneys to help each other create… Read “Reasons to Establish a Family Trust”
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Unmarried and No Children? You Still Need an Estate Plan
If you are unmarried and have no children, you are probably not financially responsible for anyone else. Does this mean you are exempt from having an estate plan? The answer is a resounding no. You still need to have a… Read “Unmarried and No Children? You Still Need an Estate Plan”
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Special Needs Trust – Important Info You Need to Know
If you are a caretaker for a loved one with special needs, you may be concerned about what will happen to them if you were to suddenly become incapacitated or pass on. This concern is perfectly understandable. You want… Read “Special Needs Trust – Important Info You Need to Know”
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How to Know When You Need a Trust
This is a common question we hear. Read on for information to help figure out whether you need a trust and, if so, what kind fits your specific situation. For example, maybe you have a disabled child and you want a… Read “How to Know When You Need a Trust”
- What is “Funding” a Trust? Many people have heard of properly “funding” their trusts. What does this mean? When I speak to clients I give an analogy about what a trust is. I tell them that a trust is like a big suitcase. If you go on vacation and… Read “What is “Funding” a Trust?”