In a perfect world, transferring money, property, and legacies from one generation to the next would be seamless. The paperwork and other concerns associated with the death of a loved one would pose minimal stress and family and loved ones could focus instead on the grieving process and remember their deceased loved one in peace. […]
Read More
Before heading off to your next great adventure, take a few minutes to review this quick checklist and identify an important estate planning issue you may need to address. Do you have a basic estate plan? Have you met with your estate attorney to create an estate plan: a set of instructions that are memorialized […]
Read More
Cryptocurrency is an amazing advancement that allows for secure and private transactions. However, extreme security and privacy can backfire if you lose the ability to access your cryptocurrency or never tell anyone how to access it upon death. Because cryptocurrency is so new, your estate plan may not include information about your cryptocurrency investments, which […]
Read More
If you have a trust as part of your estate plan, one of the most important decisions you will make is choosing your successor trustee. This person will oversee your trust and manage it according to your wishes stated in your trust documents. The trustee’s work can be time-consuming and complicated in larger […]
Read More
What is a Qualified Personal Residence Trust? A Qualified Personal Residence Trust (QPRT) is a type of irrevocable trust that allows the owner of a personal residence to transfer the title and ownership of their home to their trust for a set number of years, usually 5-20. When the QPRT trust terminates, home ownership […]
Read More
Intentionally defective grantor trusts (IDGT) are designed to be tax-inefficient for the grantor but tax-efficient for the trust’s beneficiaries. They can be an excellent estate planning tool for minimizing estate taxes and maximizing accounts and property that is passed to your beneficiaries. The grantor of the trust, not the trust itself, retains certain powers over […]
Read More
Often you hear the drawbacks of the probate system and how it should be avoided at all costs, but the probate system was established to protect the decedent’s accounts and property, and the financial security of the family, whenever possible. Probate is the legal process for dissolving an estate, whether the decedent has a last […]
Read More
If a married couple has the same beneficiaries, i.e., their children, does this mean the children will always have multiple trusts to deal with? The couple may choose to have joint or individual trusts. Keeping track of the property and accounts owned and invested in each trust can be complicated, especially if the estate is […]
Read More
Being the trusted executor of a friend’s or loved one’s Estate is quite an honor, and it may come with responsibilities that could feel daunting at times. Like all management roles, it takes organization, foresight, and attention to detail to be an effective executor. Probate is a legal process where a special court oversees the […]
Read More
Some people think estate planning is only for the rich and famous. Some rich and famous forget to ensure they have a full and current estate plan. Both are mistakes and can cost your loved one’s time and money as your estate progresses through probate, and people have to guess your intentions. Prince, Whitney Houston, […]
Read More
(855) 528-9637