Protecting Yourself From Self- Dealing Claims When Acting As a Trustee A Trustee's Guide To Self Dealing Claims A trustee usually has quite a bit of discretion in their management of a trust’s accounts, money, and property (known as assets). At the same time, as a fiduciary, a trustee also owes the trust’s beneficiaries a [...]
Transfer-On-Death Deeds: What Are They & How Do They Work? How Beneficial Can Be Signing a TOD Deed Upon Your Death? What Is a Transfer-On-Death Deed? If you own real property, such as a home, in your sole name but you have not created a trust and transferred your property’s title to the trust, it [...]
Pour-Over Trust: Estate Planning For Married Couples How To Distribute Your Assets In a Pour-Over Trust A number of married couples think about their accounts and property as “yours, mine, and ours,” especially if either or both spouses have gotten or will be getting remarried, married late in life, or have brought or will be [...]
The Clayton Election & Marital Disclaimers: Estate Tax Planning Essentials Know Which One Is Better For Your Estate Plan Deferring, minimizing, or avoiding estate taxes altogether is often an important estate planning goal for married couples. However, uncertainty surrounding what the estate tax laws and the value of their accounts and property will be at [...]
Springing Financial Powers Of Attorney: What Is It & How Does It Work? What If Something Goes Wrong While You Are Alive? The Importance Of a Springing Financial POA Estate planning is about more than preparing for the inevitable. A good estate plan should also consider the unexpected. Your plan may have detailed instructions for [...]
What Is a Statement Of Intent & Why Is It Critical For Your Estate Plan? Two Different Ways Of Documenting a Trustmaker's Intent The reasons you, as a trustmaker, create a trust are certainly special and important to you, but your intent or purpose for creating a trust can also have significant legal ramifications. For [...]
How The FAFSA Form Changes Impacts Grandparents FAFSA Updates: In What Way Could Affect Grandparents 529 Plans To Fund Their Grandchild’s Education? For grandparents who want to leave a legacy to their grandchildren, the gift of a 529 college savings plan is an option. Not only can opening a 529 plan account help a grandchild [...]
Presidential Estate Planning Lessons You Can Use To Advise Your Clients February 21 is the day on which we celebrate several US presidents who made noteworthy contributions to our country. As with any discussion that involves politics, a discussion about US presidents risks generating a variety of opinions about which reasonable minds can disagree. However, [...]
Why You Should Consider Making An Estate Plan After Filing For Bankruptcy Estate Planning: An Effective Way To Protect Your Assets When You File For Bankruptcy Bankruptcy can be incredibly stressful for anyone to go through. Once your matter has been closed, you may wonder what the next steps are. To ensure that you [...]
How Does Bankruptcy Typically Affect Estate Planning & Inheritance? Filing Bankruptcy & Its Consequences On Estate Planning Bankruptcy may be one of the last things on your mind when you are creating an estate plan. Fortunately, the number of bankruptcy filings has declined over the past several years, but there were still a whopping 544,463 [...]
