Testamentary Trusts give Protection to assets
Utilization of a testamentary trust for the surviving spouse is an excellent idea, whether the survivor is the husband or wife.
May 26, 2020
Family Businesses Can Prepare for Future Tax Changes
Coupled with the upcoming presidential election, small to mid-sized business owners are faced with a slew of financial decisions that could impact the wealth of their business and the legacy they leave to their successors.
May 20, 2020
Which Takes Priority in a Conflict: a Will or a Trust?
A will and a living trust are both part of a comprehensive estate plan, that sometimes are inconsistent with one another. When there are conflicts, the trust takes precedence.
May 15, 2020
Letter to Executor Conveys Your Wishes
Many people draft personal notes to their loved ones and their successors. However, few take the time to pen a thoughtful letter to their executor to help guide their decisions in the future.
May 8, 2020
Insurance money can pay expenses
Life insurance may play a vital role in an estate plan, because insurance proceeds can be counted on to provide liquidity when it’s needed.
April 15, 2020
Revoke a Trust on a House
I want to revoke my trust on my house. How much would this cost? I need to do this quickly and don’t know how to go about it.
April 14, 2020
Mistakes that can make an Estate Plan defective
Maintaining a valid and current estate plan is vitally necessary in order to ensure the efficient and orderly dispersion of assets after a person dies. However, even a small mistake can create huge problems during the settlement process, and in many cases, these errors are impossible for anyone to correct.
April 7, 2020
Why You Need an Estate Plan
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
March 9, 2020