Can a Trust Be Amended?
In their trust they leave each other their share upon death and then I would be trustee when my last parent dies. I’m really concerned about this whole deal.
Second Marriage? Make Sure Estate Plan Is Ready
The first thing to realize is that as soon as you marry, your spouse is granted certain inheritance rights under law. However, these rights of inheritance can be waived or modified by using an anti-nuptial agreement, or as its more commonly known, a pre-nuptial agreement.
Your Estate Plan Decides or the State Decides
By planning in advance, you have the say as to who receives which assets. The people you care about are more apt to receive your property.
How Do Trust Attorneys Help Your Estate Plan?
Setting up a trust fund offers many advantages in terms of passing on wealth or assets. It avoids probate, or the transfer of assets in court. This increases not only the ease of transfer, but also privacy.
Why A Living Will Might Be Part of Your Estate Plan
What are Medical Advance Directives and what is the difference between a Living Trust and Living Will?
Prior Planning With a Will Always a Better Alternative
Does anyone have a crystal ball that I could borrow? Wouldn’t it be nice to know what our future looks like, so we could be better prepared—but on the other hand, maybe not?
What You Need to Know If Asked to Serve as a Trustee
If asked to be a trustee, anyone, unless previously experienced in this field would not know what the responsibilities are. How much work is involved? What is the time frame? Do I need to prepare tax returns and handle accounts? Can I get help? When do my responsibilities end?
Why You Need a Power of Attorney in Your Estate Plan
A power of attorney is a way for you to designate a person of your choice to make decisions for you.
Blended Family Calls For Protecting Children and New Spouse
According to a study by the Pew Research Center, remarriages are on the rise. Four out of 10 marriages are now remarriages. Half of previously married seniors have remarried again.
How Much Money Should I Put into a Special Needs Trust for my Child?
Anyone with a child with special needs understands the need to prepare for the future. A trust is always a good place to start, and figuring out a savings goal for that trust is a key part to your planning.