Tag: Trusts
To Kill a Mockingbird put author in the limelight, but she quickly stepped out of it and has remained out. When Harper Lee, the author of To Kill a Mockingbird, died in 2016, there was considerable publicity as writers attempted to uncover all the details of her life. They met with little success. Lee’s will […]
Wills and trust often go hand-in-hand, when it comes to estate planning. Should you decide to use an online service instead of going to an estate planning attorney, you may find yourself with a trust but then learn you also need a will, according to the Lake County News in “The difference between a trust […]
A challenge can be created when one child is responsible, and others aren’t. Varying degrees of financial responsibility by children can be a challenge to creating an estate plan, according to Market Watch in “My son is responsible, my daughter is in debt — how do I split my estate?“. A common way to meet […]
Create a second trust and the first is revoked? It doesn’t work that way. A common question was presented to a column about trusts, according to the NWI Times in “Can an individual establish more than one trust?“. The question was if a second trust wipes out the first trust. The confusion over trusts is […]
Protecting assets for your minor heirs can be a challenge. If you plan on leaving assets to minors, you can leave it to the courts to decide on the best person to handle the funds or you can do it yourself through an estate plan, according to the Times Herald-Record in “Proper legal planning for […]
Sometimes it is best if your home does go through probate. Putting your child’s name on the deed of your home may avoid probate. However, it is almost always a very bad idea because of the risks involved, according to My Prime Time News in “Deeds and Probate Avoidance.” The problem is that by putting a […]
Once you take the first couple of steps, it often becomes an easy process. You may only need a few documents to get your estate plan underway but people often delay because of the concern of complications, according to Forbes in “More Than Half of Americans Don’t Have These Essential Estate Documents, Do You?“. The […]
Information and education can go a long way in helping your children to use an inheritance wisely. Mistakes can be made by children who inherit money but lack the information on how to deal with it maturely and wisely, according to Nasdaq in “5 Things Your Kids Should Know Before They Inherit Your Money.” Much […]
The new tax law has enough big changes that you need to review your estate plan to make sure that you are taking advantage of the best options in the new environment. It is a good idea to review your estate plan with sufficient frequency to make sure it still does what you want in […]
It is best to consider all possibilities when making plans to protect your family. In addition to creating your will and an estate plan, you might consider that while you are at the attorney’s office you should also get plans for what might happen if you become incapacitated, according to the Times Herald-Record discusses in […]
