Silent Trust: Could I Be The Beneficiary Of a Trust Without Knowing? How Does a Silent Trust Work? People who have accumulated a substantial amount of wealth during their lifetime are often reluctant to disclose the full extent of their wealth to their children. Although there may be a number of good reasons for high-net-worth [...]
I Named My Child As Recipient Of My House In My Will, Can They Take It While I’m Still Alive? Going Through The Rules Of Inheritance The short answer to this question is no. Naming your child as the recipient of your home in your will does not give them any right to your home [...]
Estate Planning For Domestic Partners: Do They Have The Same Rights As a Married Couple? Estate Planning For Domestic Partners The short answer to whether couples in a domestic partnership have the same rights as married couples when it comes to estate planning is probably not. To a large extent, the state in which you [...]
Estate Planning For Age-Gap Marriages: Special Considerations Married To Someone With a Significant Age-Gap? The Importance Of Having Financial & Estate Plans With couples of similar ages, planning for the future is naturally a joint effort. However, if you are married to someone who is significantly older or younger than you, the future can look [...]
The Gift Tax Law: When a Gift May Not Be a Gift What Is The Gift Tax Law & How Does It Work? It is better to give than to receive. But if you give a gift above a certain amount, you might end up owing money to the Internal Revenue Service (IRS). The federal [...]
What Is An NFT? Beginner's Guide To Non Fungible Tokens Why Should You Be Interested In Having NFTs In Your Estate Plan? A non fungible token (NFT) is a unique digital code that represents a digital item such as art or music, as well as a growing number of physical items, that runs on the [...]
Are Electronic Wills Changing The Future Of Estate Planning? Will Electronic Wills Be Valid In Estate Planning In Arizona? It was not very long ago that all legal documents were printed on paper and signed with a pen. But in today’s world, where we sign commercial contracts, form and run businesses, and buy everything from [...]
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 [...]
