How do your heirs look at their potential inheritance? Maybe they have not thought about it -- or talked to you about it -- at all. Maybe they see it as a bonus, but it's not money that they're counting on. Or, like many, maybe they view it as a retirement fund.This...
Do I need a probate attorney?
Uncategorized
Re-examing a spendthrift trust
When it comes to the usefulness of a spendthrift trust for your beneficiaries, don't let the name put you off. While they certainly can be used to protect your beneficiaries from some of their worst inclinations regarding money and spending, that is far from their...
What’s the difference between revocable and irrevocable trusts?
When you create an estate plan, you have several options for getting things set up in the manner you desire. One of these tools is trusts. A trust is a special arrangement that enables you to put assets into the trust so that the beneficiary of the trust can reap the...
Why a trustee needs receipts and records for everything they do
For someone planning their estate, a trust is a useful tool that can give them increased control and reduce the risk of probate, contention among their family members and other issues during estate administration. Trusts can come in many shapes and sizes, and their...
Should you discuss your estate plan with loved ones?
Creating your estate plan lets you lay out the legal plan for what you wish to take place when you pass away. This is only part of what you may need to do to take care of your loved ones when you're gone. It might be beneficial for you to speak to your loved ones...
How to talk to your parents about estate planning
As your parents grow older, their well-being during their later life will become a bigger priority for you. If you are concerned that your aging parents have not yet created an estate plan or are not taking the appropriate steps to plan for mental incapacity, you will...
Your estate plan can help during life and after death
You have a fairly small estate, and you're not worried about estate taxes. You really think that your will and other steps you've taken are enough to prevent your family from having to go through probate after your death. So, should you work on an estate...
New grandchild? Here are some ways to provide for them
When you have your first grandchild, it can be an amazing feeling. It can also make you realize just how old you've gotten and how important it is to provide for the family you have and love.As you review your estate plan following your grandchild's birth, one thing...
Is it a mistake to leave assets to your children directly?
You know that the simplest way to leave your assets to the next generation is to give those assets directly to the children. You can write the amount they get into your will and have the executor cut them a check after you pass away. It's easy. They get the money they...
Estate issues and children who haven’t stayed in touch
After a parent passes away, it can be hard for adult children to work together and get everything figured out. It's a complicated process. Like all things involving money, it can lead to heated disputes. There are many potential problems that can arise.The odds of a...
