Wills And Trusts

When you started planning for the future, one of the first things you did was set up a trust for your child. You wanted to make sure that they’d have money to support themselves and invest in the future, so you set aside some each month for several years. Then, you...

If a family member created a trust for their estate, they may have wanted to limit how you use your inheritance or to protect their property from tax liabilities. The trustee assigned to manage trust assets and distribute them to family members will have a challenging...

Your deceased loved one took all the proper steps when planning their estate. They left a valid will and one or more trusts behind to provide for you and other family members. They also likely thought long and hard about choosing a trustee, but that does not mean...

Do you have a revocable living trust? If you do (or are even considering one), then you need to learn about pour-over wills.  A pour-over will is a unique part of an estate plan designed to work with a revocable living trust. Here’s what you need to know.  How does a...

Recently, trusts have become quite popular for most people. Unlike wills, they provide a more prominent degree of flexibility in estate structure, and they can save on probate fees and taxes. Usually, a trustee oversees and administers the trust and takes care of the...

You may think that leaving a will sorts out all your estate plans. However, that is not entirely true. For instance, your heirs may mismanage your estate, and there will be nothing to show for it within a few years. In short, a simple will exposes your estate to the...

A dynasty trust carries on from one generation to the next. Unlike other irrevocable trusts, dynasty trusts are not subject to the anti-perpetuity rule that ends most trusts after some time. They last forever, as long as there are assets held in the trust. You may...

If you are considering contesting someone’s will, there are two questions you should ask yourself. Can I and should I? The law is clear on who can contest and a will and why. As to whether you should, only you can make that decision. On what grounds can you contest a...

When people enter into estate planning, often there are reservations over what the people who receive the estate, or beneficiaries, will do with it. Will they responsibly manage it, or will they waste the gift? Instead of leaving it up to chance, or blind faith, many...

If you have considerable assets, you likely plan to leave at least some of them to your child. If the thought of doing so gives you some anxiety because you worry they might squander the money, then you'll be happy to know that you have options. In a post earlier this...