Tag: Trusts
Financial considerations are necessary if you plan to leave that summer home to the kids. While the children may have fond memories of the family vacation home, they may not be able to afford it or even want it after you pass, according to the Globe and Mail in “How to keep the cottage in […]
Probate does not have to be an ugly word that calls up nightmares. One of the most frequent questions addressed to estate planning attorneys is how to avoid probate, according to Forbes in “Probate, Wills, Executors: Your Estate Planning Questions Answered.” Probate, which is actually just the type of court where a will or estate […]
Wealth created by the original generator does not remain, unless properly maintained. The heirs of James Jewett Stillman have found themselves in the position of auctioning off art to obtain money to save the estate, according to Bloomberg in “New York Banking Royalty’s Heirs Are Unloading Art to Save the Family Estate.” Stillman, who is […]
Trusts becoming subject of public discussion. Ivanka Trump’s trust is bringing some light to shine on the subject of trusts, according to The New York Times article “Despite a Trust, Ivanka Trump Still Wields Power Over Her Brand.” Trusts are not often a subject of much public discussion. They are important to estate planners, but […]
It is important to remember that setting up an estate plan with an estate planning attorney, is unlikely to be complicated or even that hard. Estate planning is not that complicated and can even be as simple as transferring assets, according to the Times Herald-Record in “Transferring assets upon death.” There are four main ways […]
The money of the aging super wealthy will change hands. The 1% of the aging population that controls much of the World’s wealth is looking to the future when the money will change hands, according to Private Wealth in “The World’s Aging Rich Are Plotting What’s Next.” Economic data shows that wealth in the U.S. […]
A Nevada trust may replace Delaware, when it comes to asset protection. Some question Delaware as the state of choice for an asset protection trust following a court decision in 2014, according to Kiplinger in “Delaware Trust? You May Want to Consider Nevada Instead.” Dynasty trusts have long been the goal of people who want […]
An estate plan is more than a will and can solve many problems for you and your family. Some recent statistics point out the importance of Americans not only creating a will, but learning about the options of an estate plan, according to the AARP in “Haven’t Done A Will Yet?“. A new survey reveals […]
Living trusts are the most common in use, but there is another type of trust. While the living trust is used more frequently, there is also a testamentary trust. Many people have the documents that create one, but they aren’t aware of it, according to NWI Times in “Wills can create trusts.” The revocable living […]
If you make no provisions in your estate plan for your spouse, your spouse may elect to take his or her share and the court could alter your plans. There are several different ways to leave an inheritance to your spouse, according to The Times Herald in “Options for leaving an inheritance to a spouse.” […]
