With Mother's Day over and Father's Day on the horizon, you may be spending some extra quality time with family. For many families, this extra time together is fun-filled, and creates a sense
trust administration
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Being named as a successor trustee in someone’s revocable living trust document can be considered a great honor. But with that honor comes responsibility. Whether you were appointed to this role due to
When establishing a trust, you must give serious thought to who you choose as your successor trustee—the person who will manage, invest, and hand out the trust’s accounts and property once you are
As a business executive, you are used to strategizing and creating goals as part of your job. But have you devoted time to strategizing and creating goals to protect yourself and your loved
Difference Between Wills and Trusts A will is a document that provides instructions for how to distribute a person’s assets after death. A will only becomes effective upon the testator’s death, so the
Before deciding to modify a trust, it is important to consider the tax implications of such action. Modifying a trust could adversely affect income, gift, estate, and/or generation-skipping transfer taxes. Trusts generally are
Estate planning for married couples can be tricky when one spouse is significantly wealthier than the other, and each spouse wants different beneficiaries to ultimately inherit their estate. One solution to this problem
You may be surprised to learn that not only has asset protection planning been around for a long time, but you likely have already engaged in it at some point during your life.
Is your estate planning up to date? There are a few simple questions you can ask yourself to find out. Do you have a will or a trust? Without your own plan you
An estate plan that includes a revocable living trust is an excellent way to protect yourself and your loved ones upon your passing or in the event you are unable to manage your
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