An Unfunded Trust is a Useless Trust. An Unfunded Trust is a Useless Trust. For many, a Revocable Living Trust is created as part of an estate plan to determine who will inherit assets and property, rather than relying on…
How to Talk to Your Parents About Estate Planning It’s a hard conversation to have but a necessary one BY TERRI WILLIAMS Updated March 25, 2021 Discussing estate planning with your parents is a conversation that can be difficult to…
What Is Elder Law? BY JULIE GARBER Updated September 17, 2020 What Is Elder Law? Elder law is a field of law dealing with the unique legal issues that affect older adults. Understand how elder law works through an example,…
Own a Gun? Careful: You Might Need a Gun Trust Make a mistake when inheriting an IRA and you might face tax consequences. Make a mistake when inheriting a gun collection, and there's a chance you could face felony charges.…
About Asset Protection Plans BY JULIE GARBER REVIEWED BY EBONY J. HOWARD Updated March 18, 2021 With the economy slowly plugging along and credit remaining tight, asset protection is still a hot topic. So what is asset protection, and how can…
What Happens If You Die Without a Last Will and Testament? BY JULIE GARBER REVIEWED BY EBONY J. HOWARD Updated February 14, 2021 What Happens If You Die Without a Last Will and Testament? It is never too early to…
Special Needs Trust Options BY PATTI SPENCER REVIEWED BY EBONY J. HOWARD Updated April 08, 2021 Special Needs Trust Options. A special needs trust (sometimes called a supplemental needs trust), is a trust designed to hold assets for the benefit…
Benefits of Advanced Estate Planning Minimize taxes and protect your assets BY JULIE GARBER Updated November 20, 2019 Advanced estate planning—something more than a simple will or basic living trust—can be critical for people with valuable, taxable estates. It…
What Is Ancillary Probate? BY JULIE GARBER REVIEWED BY EBONY J. HOWARD Updated October 08, 2020 Ancillary probate is an additional, simultaneous probate process that's required when a decedent owned real estate or tangible personal property in another state or…
What Is a 'Lady Bird Deed'? I heard about something called a “Lady Bird deed” that could be useful if I need to apply for Medicaid. What exactly is it and why is it named that? A "Lady Bird deed"…