Tag: Trusts
“I love you” may not be the best approach in estate planning. The best way to express love for your spouse when it comes to estate planning may not be “I love you,” according to Wealth Management in “A Better Way To Say ‘I Love You’.” A “simple will” normally refers to a will made […]
The little mistakes are what frequently cost families the most money. While people and the media often focus on big picture mistakes, it turns out that small errors are the biggest problems in estate plans, according to the Pauls Valley Daily Democrat in “Oversights can cost your heirs money.” For most people, minor mistakes such […]
A parent may be shocked when their child gives away their inheritance for some quick money. A recent MarketWatch article described the anguish of being distressed and giving up your inheritance for some quick money in “My drug-addicted friend signed away his $800,000 inheritance to his brother — now he’s clean, can he get it […]
Generational wealth issue may create a stumbling block. The trust designed to avoid paying estate taxes for generations has come up with President Trump’s nominee for Treasury Secretary, according to the Financial Advisor in “Trump’s Treasury Pick May Have Used Tax Loophole Obama Attacked.” Properly designed and administered, dynasty trusts can help legally avoid paying […]
Dramatic shift possible in equities and bonds resulting in impact on investment in trust assets. The equity and bond markets have been relatively stable with a negative correlation for the past three decades. However, that may be about to change, according to the Financial Advisor in “Forget 30 Years Of Stock And Bond Divergence, Bernstein […]
When considering an estate plan, it is usually wiser to deal with an estate planning attorney. My San Antonio recently published the article “‘Trust mill’ scam hits elderly hard” explaining why the elderly need to be on the lookout for scams. According to the article, a reader wrote in to ask questions about an estate […]
Because of potential prejudice by state courts in a suit against a trust, it may be beneficial to head to federal court. If a plaintiff is from out of state, it is sometimes wiser to sue an estate plan in federal court, according to the Wills, Trusts & Estates Prof Blog in “Trustee Citizenship Regulates […]
When it comes to investment accounts, the answer is usually pretty simple. They belong in your trust. Investment accounts are the one class of assets that should almost always go into your trust, according to The Herald Bulletin in “If you have a trust, that’s where your investments should go.” When an experienced estate planning […]
There can be confusion on the definition and need for an estate plan. We will all have estates someday, so it may be helpful to know what a plan actually does. While estate planning can be complicated to the layman, there are some basics that make it less confusing, according to the Vail Daily in […]
Misconceptions about wills and trusts often creates confusion. TCPalm recently discussed common misconceptions surrounding wills and trust in “Common misconceptions about wills and trusts.” Among the misconceptions are: Having a will means that your estate does not have to go through probate. This is completely false. In most cases, wills have to be submitted to […]
