If you decide to leave assets in a trust for your beneficiaries, consider your designation of trustee carefully. The most important person in the trust framework is the trustee, the one responsible for managing trust assets.
What happens when a decedent’s will or trust does not provide for a decedent’s child?
To ensure your estate is settled in the way you want, it’s wise to do a bit of extra planning to keep your documents up to date.
Although there is often a progression of complexity in estate planning, this progression generally follows stages in life rather than specific ages.
The period leading up to and shortly after losing a close relative is often one of the most emotionally demanding times that we, as humans, experience.
Despite many attempts at repeal over the years, the modern U.S. Estate Tax has been in place since September 8, 1916. Each U.S. citizen and resident alien is entitled to a lifetime exemption from the federal Gift/Estate Tax called the Applicable Exclusion Amount.
Develop a successful transition plan that will provide for you, your heirs and your business.
If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding.
Some marriages end in noise and pain. Other marriages drift away quietly with the signing of documents and only a hint of acrimony.
