What it's a trustee:: PROTECT YOURSELF FROM CLAIMS OF SELF-DEALING

TRUSTEE: PROTECT YOURSELF FROM CLAIMS OF SELF-DEALING

Gabriel Katzner - April 4, 2022 - Trust Administration

Estate Planning is something everyone, not just the wealthy ones, should do. Without a legal, defined plan in place, you’re leaving your entire legacy in the hands of the courts. Estate Plans come in many shapes and sizes, but if there’s one thing we know, it’s that the process is definitely not one-size-fits-all. It’s easy […]

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Future education provided for the beneficiary of an estate plan

HEMS: HEALTH, EDUCATION, MAINTENANCE, AND SUPPORT

Gabriel Katzner - February 26, 2022 - Asset Protection

Jack and Leticia are establishing a trust. They would like to help their son, Jack Jr., through college but want to retain control of their financial help. Jack Jr. is not known for his financial aptitude. He regularly blows through his allowance and is caught short-handed when it is time to pay his bills. Jack […]

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Woman funding her Trust

TITLING EVERYTHING CORRECTLY WHEN FUNDING YOUR TRUST

Gabriel Katzner - February 15, 2022 - Estate Planning

Quincey and Jaide are meeting with their estate planning attorney. They are drafting their trust agreement. They are excited to take this important step towards ensuring financial security for their family. Writing the trust agreement is a formal statement that provides guidance on how they want their accounts and property distributed. Speaking of accounts and […]

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The rule against perpetuities contained in a trust document

THE RULE AGAINST PERPETUITIES

Gabriel Katzner - February 4, 2022 - Estate Planning

Are you a person who reads every word of an instruction booklet or, more relevant to estate planning, a trust document? If so, you may see a reference to Joseph P. Kennedy and his descendants and wonder why he is listed in your trust. Since many people have experienced identity theft or know someone who […]

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Estate Planning Attorney Talking about Trust Decanting

TRUST DECANTING: WHY AND HOW TO REVISE A TRUST

Gabriel Katzner - January 4, 2022 - Estate Planning

Estate planning documents are carefully considered plans. For this reason, it is important to balance the desire for flexibility with the concern that changes may be made without considering the potential implications of those changes. When a trustmaker dies, their revocable living trust becomes irrevocable. Other trusts are irrevocable from inception. But, what happens if […]

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Living trust papers

LIVING TRUSTS: MORE COMPLICATED THAN AT FIRST GLANCE

Gabriel Katzner - December 9, 2021 - Estate Planning

Marco and Lisa Smith are consulting with their attorney to draft their Last Will and Testament and discuss the possibility of establishing a trust. They have two adult children, both in their late thirties. Their son is married with two children, and their daughter lives at home and works at a childcare center. She was […]

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Man signing a Living Trust document

LIVING, TESTAMENTARY, AND CONSTRUCTIVE TRUSTS

Gabriel Katzner - December 7, 2021 - Trust Administration

Estate planning can be confusing. There are very specific terms that sound alike but have different meanings. The concept of trusts is one of the more perplexing aspects of estate planning. Each type of trust is a tool that has a specific function. Learn more to determine which ones are best suited to your situation. […]

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Revocable Living Trust document

SEPARATE REVOCABLE LIVING TRUSTS: Everything you need to know

Gabriel Katzner - November 23, 2021 - Trust Administration

A revocable living trust is an estate planning tool that allows individuals to transfer their accounts or property ownership to a trustee. The trustee has a legal obligation to use the property for the benefit of the beneficiaries. The person who creates and funds the revocable living trust may also be called a grantor, settlor, […]

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Man attending to his first trust and estate administration meeting

YOUR FIRST TRUST AND ESTATE ADMINISTRATION MEETING: What You Need To Know

Gabriel Katzner - November 19, 2021 - Estate Planning

Wills and trusts are estate planning tools that allow individuals to transfer their money and property to others when they die. It is possible to have both a will and a trust, especially if you have a larger estate. Carrying out your loved one’s final wishes should be a priority for everyone involved. However, in […]

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SUCCESSOR TRUSTEE COMMON MISTAKES

NAMING YOUR SUCCESSOR TRUSTEE: FIVE COMMON MISTAKES AND HOW TO PREVENT THEM

Gabriel Katzner - August 16, 2021 - Estate Planning

A trust is a written agreement between a grantor, the person who establishes the trust, and the trustee appointed to manage and administer it. In a revocable living trust, the grantor will typically also serve as the initial trustee. A grantor will name a successor trustee to manage the trust when they can no longer […]

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