Choosing a Trustee

CHOOSING A TRUSTEE: FAMILY, FRIEND, OR PROFESSIONAL?

admin - March 31, 2021 - Trust Administration

Trusts are legal entities into which you can transfer your property, accounts, and assets for the benefit of a living person. Many people establish trusts as an alternative to a Last Will and Testament.  Two Types of Trusts A revocable living trust is a trust you create and retain control over throughout your lifetime. A […]

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Benefits and drawbacks of putting a timeshare in a trust

BENEFITS AND DRAWBACKS OF PUTTING A TIMESHARE IN A TRUST

Gabriel Katzner - February 22, 2021 - Estate Planning

Megan and Dan are interested in purchasing a timeshare in a condominium complex on their favorite beach. They have the opportunity to buy a two-week block of time that is fixed and a one-week block of floating time. This schedule works for them as they take a vacation at the same time each year. They […]

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Keeping your financial affairs private!

KEEPING YOUR FINANCIAL AFFAIRS PRIVATE!

Gabriel Katzner - February 16, 2021 - Estate Planning

Almost all would agree that 2020 was a year like no other. The lockdowns and the relentless barrage of news about COVID-19, the death rate, and problems with health care made even the most optimistic pause to consider their own mortality. Estate planners reported that an escalating number of new clients and clients they had […]

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Refinancing two homes

REFINANCING TWO HOMES AFTER MERGING A FAMILY

Gabriel Katzner - January 11, 2021 - Estate Planning

Larry and Janae are newly married with four children between them. Janae lost her spouse to cancer two years ago. Before Larry and Janae married, Janae and her two children lived in their family home. Since getting married, Larry and Janae and all four children live in the home owned by Larry and his previous […]

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How trusts have helped athletes

HOW TRUSTS HAVE HELPED ATHLETES

Gabriel Katzner - November 2, 2020 - Estate Planning

A trust is an important estate planning tool that can protect your assets and distribute them to your loved ones according to your wishes after you pass away. When a trust is created, the trustmaker appoints someone else (the trustee) to manage the accounts and property placed inside the trust for the benefit of the […]

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Funding your trust

FUNDING YOUR TRUST: HELP YOUR LOVED ONES AVOID PROBATE

Gabriel Katzner - August 10, 2020 - Asset Protection

Instead of a will or joint ownership, many people today are replacing those common estate planning tools with a revocable living trust. A revocable living trust avoids the public, costly and time-consuming court processes of conservatorship or guardianship (which may be necessary if you become incapacitated) as well as probate (the court process that takes […]

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COVID-19 and estate planning

COVID-19 AND THE IMPORTANCE OF ESTATE PLANNING

Gabriel Katzner - April 20, 2020 - Estate Planning

Coronavirus has been a world-altering event, and for some people, what begins as a small cough can quickly escalate into a serious illness. Thankfully, for most, the symptoms appear to be mild. But it’s crucial for everyone, especially those in good health, to take steps to protect those around us who are more vulnerable if […]

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The Lifetime QTIP Trust

THE LIFETIME QTIP TRUST: MANAGE YOUR ESTATE AND PROTECT YOUR RELATIONSHIP WITH YOUR SECOND SPOUSE.

Gabriel Katzner - March 30, 2020 - Estate Planning

Estate planning for couples with disproportionate assets who are married for the second or third time can be tricky. One solution—the Lifetime QTIP Trust—allows the well-to-do spouse to maintain control of their property and wealth, but also protect and provide for the other spouse.    Creating a Lifetime QTIP Trust A “QTIP Trust” (qualified terminable interest […]

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Ancillary Probate

ANCILLARY PROBATE: WHAT IT IS AND HOW TO AVOID IT

Gabriel Katzner - March 23, 2020 - Estate Planning

If you own property in more than one state, for example, a vacation home or a car titled in a state outside the one where you live, you’ll need to factor that property into your estate plan. This kind of ownership may necessitate an additional probate proceeding called ancillary probate. With the right estate planning […]

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