Senior Man signing a Right of occupancy Trust in order to ensure property and rights of loved ones

RIGHT OF OCCUPANCY TRUST: PROTECT WHAT YOU LOVE

Gabriel Katzner - November 22, 2022 - Trust Administration

Michael has a problem. He is a 70-year-old widow, and his adult daughter, Marie, is disabled and unable to support herself. He has two other adult children. How can he ensure Marie is cared for while being fair to his other two children? Marie has lived with him and his late wife for her entire […]

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Parents sitting together covering their child with a wooden roof

ESTATE PLANNING TO PROTECT YOUR CHILD’S INHERITANCE

Gabriel Katzner - November 17, 2022 - Asset Protection

The divorce rate is declining in the United States but remains between 31% and 42%. Your children enter their marriages sure that their marriage is strong and would never be subject to divorce, but it happens. In addition to concerns about your child’s happiness and your grandchildren’s welfare, you also need to ensure that your […]

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Requesting a judge to summon the trustee to respond the beneficiary needs

YOUR TRUSTEE IS NOT RESPONDING: WHAT TO DO

Gabriel Katzner - November 9, 2022 - Trust Administration

What to do when the Trustee doesn’t Respond Marci is the beneficiary of her great-aunt Margaret’s trust. Margaret told Marci that the trust would pay for all her educational expenses, no matter which university or degree she sought. Marci has contacted the trustee, Tom, several times. She has sent copies of her enrollment information, tuition […]

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hand with pen signing a trust n will

WHAT ARE SILENT TRUSTS? COULD I BE THE BENEFICIARY OF ONE?

Gabriel Katzner - October 12, 2022 - Trust Administration

Some people, especially the very wealthy, are uncomfortable with the idea that their children know they are the beneficiary of a trust. Knowing that you will inherit a large sum of money can adversely affect how you plan and approach your life. We all hear stories of “trust fund babies” who wait for their trust […]

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Members of a small business corporation discussing a project in front of a laptop

ESTATE PLANNING AND YOUR S CORPORATION     

Gabriel Katzner - September 13, 2022 - Asset Protection

Small business owners have many options when structuring their business and choosing their tax status. One option is an S corporation. The business structure you choose will affect your estate planning, so it is essential to seek the guidance of an experienced estate planning attorney and tax advisor when estate planning as a small business […]

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board with the words mine, yours and ours written on it and a check mark on each representing that all the property is safe for all parts involved

A POUR-OVER TRUST CAN HANDLE YOURS, MINE, AND OURS

Gabriel Katzner - August 26, 2022 - Estate Planning

Many couples, especially those who have been married more than once, have accounts and property that they consider as yours, mine, and ours. Developing an estate plan to determine what happens to accounts and property that belong to one or the other partner in a couple and the account and property that belong to both […]

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clear street with surrounding homes clear skies and a beautiful neighborhood

QUALIFIED PERSONAL RESIDENCE TRUST

Gabriel Katzner - July 26, 2022 - Asset Protection

Why you might need This Trust in the Future? According to the Internal Revenue Service, an estate tax is a tax on your right to transfer your property upon your death. The combined estate and lifetime gift tax limit for 2022 is $12,060,000, a very generous amount when compared to 2004-2005, which was $1,500,000. This […]

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House with a For Sale sign in the front

REAL ESTATE DEEDS USED WHEN FUNDING YOUR TRUST

Gabriel Katzner - July 19, 2022 - Trust Administration

When using trusts in your estate plan, it is essential to fund the trust. Transferring your real estate from personal ownership to the Trust is essential to avoid the expensive and time-consuming probate process. To retitle your real estate in the trust’s name involves recording a deed with the local recording authority. Retitling your real […]

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Dad and children looking at the trusts improvements made accordingly to their needs

COMMON TRUSTS: IMPROVEMENTS TO CHILDREN’S NEEDS

Gabriel Katzner - July 12, 2022 - Beneficiary

Parents want to ensure that their children feel that they are all treated fairly and feel equally valued. However, the reality is that all children do not need the same amount of financial help, especially in different phases of their lives. Parents may want to divide their property and accounts equally among their children in […]

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Couple going through their assets and will their with an attorney

The Importance Of A Statement Of Intent In A Trust

Gabriel Katzner - June 28, 2022 - Trust Administration

Your reason or intent for creating a trust can have significant legal ramifications. And like all intents, to maintain clarity, it is best to put it in writing as a statement. This statement helps ensure your trustee understands why you have chosen to establish a Trust and provides guidelines on managing it. The statement of […]

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