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
What is a Survivorship Period?
Survivorship periods don’t usually surpass 60 days. If this period surpasses 120 days, it could put the tax-free estate transfer of assets to a surviving spouse at risk.
May 18, 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
Need a Will or a Trust or Both?
One of the most fundamental choices you can make as you’re thinking about how to pass your assets on to heirs, is whether you hold assets in a revocable trust or more simply give them via a will. Both approaches have advantages, although trusts can provide significantly more benefits.
May 11, 2020
What should You know about Guardianship?
One of the key functions of the family law system is to ensure that children are looked after appropriately. This is the basis for the doctrine of legal guardianship.
May 7, 2020
Rules for HIPAA Waiver Relaxed
Under the temporary enforcement waiver, OCR won’t impose penalties for disclosure of protected health information, if the business associate makes good-faith use or disclosure for public health activities and informs the covered entity within 10 business days.
April 29, 2020
Completing Your Estate Plan During Coronavirus
If you are quarantined or under a lockdown and can’t get to a notary, how can you get your will, trust and other documents executed? Don’t give up. There are ways to get it done without leaving home.
April 20, 2020
Be sure Everyone has their Estate Planning completed
Estate planning attorneys are getting mobbed with questions. Here is some timely advice from three attorneys on what families and business owners should be doing to prepare, in case the unimaginable happens.
April 16, 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
How to Revoke a Revocable Trust
The basic steps involved in revoking a revocable trust are fairly simple and include the transfer of assets and an official document of dissolution.
April 2, 2020