What Can I Do with a Trust to Help My Kids?
There are mechanisms that you can put in place through a trust to help your children become financially responsible with their inheritance.
How Does a Life Estate Work?
When you use a life estate, how does it work? What are the restrictions and who pays the property taxes and other expenses for the home?
How to Design an Estate Plan with a Blended Family?
No one marries with the intention of getting divorced, but about half of all marriages in the U.S. will end in divorce. Divorce and second marriages can complicate the process of estate planning and present a number of challenges.
Do I Need a Spendthrift Trust for a Relative?
Sometimes you have to hold the reins tight, especially when it comes to money. A spendthrift trust does exactly that.
Is Having a Will Really Such a Big Deal?
Your obligations to your family or loved ones do not stop, even if you have already passed on. If your family, especially your children, are still heavily dependent on you, you can still provide for them through proper estate planning, even if you are no longer present.
What Do I Really Need to Know About Trusts?
It’s a well-documented fact that most people do no estate planning. Of those who do, the majority use a last will to pass their estate to a spouse or divide it among their children.
Does Good Estate Planning Prevent Family Fights over Personal Items?
The key to avoiding bitter conflict among heirs, is to have candid discussions well before the reading of the will.
Here’s Why a Basic Will Doesn’t Work
However, some want you to believe that you need only purchase a form to have an effective estate plan. Using this form, you are told, can save money and — best of all — the form is valid in all 50 states.
Should I Get a Divorce to Protect My Spouse from Medical Debt in Probate
If you have a medical issue that will certainly lead to death and significant costs, is it wise to legally divorce ahead of your death, so that the person dying owns very little beyond their health care coverage to protect assets from the likes of the medical insurance community?
Your Will Isn’t the End of Your Estate Planning
Your estate plan isn't finished just because your attorney has drawn up a will. Proper asset titling is the next step.