An individual retirement account can provide an underpinning during your senior years. However, if it turns out that you that you don’t need the money, your IRA will be part of your estate plan. And of course, you may intentionally use the account for estate planning purposes. There are a lot of questions being asked … [Read More]
Leaving Assets Can Be Tricky – Part 3
Leaving assets to your adult children or other beneficiaries may seem simple. But in many situations, it can be quite tricky. For example, if you have a beneficiary with special needs, you must take special care. Read on to learn more. [Read More]
Leaving Assets Can Be Tricky – Part 2
Leaving assets to your adult children or other beneficiaries may seem simple. But in many situations, it can be quite tricky. Read on to learn more. [Read More]
Leaving Assets Can Be Tricky – Part 1
Leaving assets to your adult children or other beneficiaries may seem simple. But in many situations, it can be quite tricky.Read on to learn more. [Read More]
Assignment and Nominee
What’s an “Assignment and Nominee” agreement and what does it do? Some attorneys use such an agreement as a belt and suspenders approach to funding.Read on to learn more. [Read More]
Can a Married Couple Use a Shared Living Trust?
A living trust is a very effective tool for a wide range of people. One of the major advantages is the streamlined estate administration process that these trusts provide. The trustee that will administer the trust steps into a turnkey situation, because the trust is the owner of the property. Another benefit is the avoidance … [Read More]
Estate Plan Revisions May Be Necessary
Estate planning should not be viewed as a one and done affair. When you put an original estate plan in place, it will be based on a snapshot of your life at that time. The only constant is change, so it is very likely that your plan will need to be revised over the years. … [Read More]
Can You Access Assets in a Trust?
Trusts are legal devices that are often misunderstood. If you establish a trust, you make the trust the owner of the property that you convey into it. This can lead you to the belief that you will never have access to the assets again after you fund the trust. While this is a reasonable assumption, … [Read More]
Why Do You Need an Estate Planning Lawyer?
A lot of people think that estate planning boils down to one simple act. At some point, you draw up a will and that’s the end of the story. You can buy a fill-in-the-blank legal documents online, so you can get it done in a matter of a few minutes. DIY projects have their place, … [Read More]
How Do You Protect a Spendthrift Heir?
Every estate planning situation is different, so there is no single approach that is universally right for everyone. As a layperson, you simply are not going to know all of your options, and this is why professional assistance is invaluable. With this in mind, we will look at an estate planning solution that is very … [Read More]
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