Our Estate Planning Blog
Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust document with certain provisions that can vary from trust to trust.
Understanding the difference between these two types of trust can be the key to choosing an estate plan that works for you and your family.
Increased interest in estate planning is welcome, but make sure that you have all of the tools in place to protect your family. Making a will might not be enough.
Even if your asset base doesn’t measure up to the Bill Gates standard, you may consider using trusts in estate planning. This is because they can help your heirs in many different ways.
Five of the most common mistakes are easy to avoid with the right information and support, as well as a little creativity.
Becoming a parent means taking on a whole new level of responsibility. After all, you’ve now got a new life in your hands and your child is dependent on you for everything.
Estate planning is not only for the wealthy—everybody can benefit from ensuring their assets and finances are properly taken care of after their death.
In past generations, families were very close, there were few estates that had any tax liability, and children respected their parents’ wishes, both before and after the parents passed away.
Sometimes you have to hold the reins tight, especially when it comes to money. A spendthrift trust does exactly that.
If you haven’t looked at your will or estate plan lately, now is a good time to do so.