Blog - Page 12 of 27

What Should Be On Your Estate Planning Checklist

Posted on January 29, 2022

Estate planning is important for everyone. While there may be a pervasive misconception that estate planning is only for the old or for the rich, this is dangerously false. Estate planning is important because even if you do not have assets of great financial value, it is likely you have assets rich in sentimental...

Providing for Assets with Sentimental Value in Your Estate Plan

Posted on January 29, 2022

Estate planning is important for everyone. This is true regardless of wealth, or lack thereof. Many people operate under the misconception that estate planning is only for those assets that hold substantial financial value and, thus, only those people with assets of substantial value need estate planning. There are a number of big reasons...

Can You Fund a Trust With Out of State Property?

Posted on January 4, 2022

To establish a trust, the trust “settlor” transfers property into the trust to be managed by the “trustee” appointed by the settlor. The trustee is charged with holding trust property for the trust beneficiaries as well as administering the trust according to the terms set forth by the settlor. A person may choose to...

Can I Avoid Probate by Using a Revocable Trust?

Posted on January 4, 2022

A revocable trust is named so because it can be easily altered, amended, or, of course, revoked. This flexibility is one of the many appealing features of a revocable trust and its benefits make it an attractive addition to many estate plans. To establish a revocable trust, the trust settlor, or grantor, creates the...

Things to Know Before Executing a Will

Posted on November 28, 2021

If you do not yet have a will in place, there is no time like the present to execute a legally sound, strong will that will help preserve your legacy and protect a brighter future for your loved ones. While putting a will in place is too important to put off, there are also...

What Clauses Should You Include in a Revocable Trust?

Posted on November 28, 2021

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A revocable trust is a useful estate planning benefit with...

What Can Qualifying Distributions from a Special Needs Trust Be Used For?

Posted on October 20, 2021

A special needs trust allows a person with disabilities to receive financial support without losing eligibility for important programs such as Medicaid or Supplemental Security Income (SSI). The funds in the trust can cover a wide range of expenses that improve comfort and independence, but they must be used carefully. Trustees are...

The Importance of a Durable Power of Attorney

Posted on October 13, 2021

The difficult truth that all of us could really benefit from confronting is the fact that all of us are subject to unpredictable twists and turns in life. We don’t really like to think about this as it means there is only a certain level of control we have over our own lives and...

Summer Move? Update Your Estate Plan Right Away!

Posted on September 22, 2021

Hopefully summer time was filled with new adventures and time with loved ones. For many, summer adventures may have included moving. An often overwhelming endeavor, so much usually needs to be accomplished before, during, and after a move. Keeping it all straight can be a lot and some important things may fall by the...

What Is a SLAT?

Posted on September 8, 2021

Estate planning is about so much more than a will, although that can be an important part of an estate plan. Trusts, for instance, may be much of a mystery to most, but remain valuable legal tools when properly implemented in the right estate plan. Trust types and purposes, however, can widely vary...