What Is a Nongrantor Trust? Understanding The Role Of Nongrantor Trust In Estate Planning Every trust has at least one grantor, also known as the trustmaker, i.e., the person who creates the trust. So, it can be confusing when terms like grantor trust and nongrantor trust are used. It is helpful to understand that neither [...]
Think Your Estate Plan Is Complete? Make Sure You’re Not Missing These Important Points The Complete Guide To Estate Planning Roughly two-thirds of Americans do not have an estate plan, according to a recent survey from www.caring.com. If you are among the minority of US adults who have prepared a will, living trust, and other [...]
Using Assisted Reproductive Technology: What Happens To Unused Genetic Material at Your Death? When you think about how you want your property to be distributed after your death, most of the time it is easy to identify that property—your home, your cars, your jewelry, etc. But what about the genetic material used in assisted reproductive [...]
Celebrate Independence Day By Claiming Control Of Your & Your Loved Ones’ Futures Every year on the Fourth of July, Americans across the country celebrate our nation’s declaration of independence from Great Britain. Yet only about one-third of Americans have an estate plan—meaning that most Americans have given up their independence when it comes to [...]
Three Things You Need To Know About Cryptocurrency & Your Estate Plan Cryptocurrency’s popularity has rapidly increased in recent years, with more people buying and selling it. Here are three things you need to know about cryptocurrency in relation to your estate plan. Beware Of The Tax Consequences Transferring your cryptocurrency to other people, either [...]
How Estate Planning Could Help You Protect Your Vacation House After Your Death Important Questions To Ask When Deciding The Future Of Your Vacation Property According to the National Association of Home Builders, in 2018 there were approximately 7.5 million second homes, making up 5.5 percent of the total number of homes. These homes are [...]
Are You Responsible For Your Spouse’s Debts After They Die? Dealing With Obligations & Rights Related To Your Spouse’s Debts A spouse’s death creates a difficult and demanding time for the surviving partner. As much as you might want space and time alone to process your grief, you may have certain responsibilities related to settling [...]
Why Estate Plans Should Be Updated As Often As a Resume How Often Should I Update My Estate Plan? A resume is a snapshot of your experience, skill set, and education that provides prospective employers insight into who you are and how you will perform. Imagine not updating your resume for five, ten, or even [...]
Estate Planning Updates: How Many Tweaks Are Too Many? Amendment Or Restatement? How To Update Your Estate Plan If your life or the law has changed since you signed your last will and testament (will) or trust agreement, you need to update your document. You can make updates to a revocable living trust by way [...]
Why Estate Plan Should Never Be a Set-It-&-Forget-It Endeavor Common Life Changes That Can Impact Your Already Established Estate Plan As we all know, life happens. There is really nothing we can do about it. However, some of the most common life events can have a dramatic effect on your estate plan. If you think [...]
