Can Executor Take the Money and Run?
“Succession planning involves accounting for the worst-case scenario. Without accounting for these risks, your plan could fail, require expensive litigation or jeopardize the family farm.”
What Do I Need to Know If I’m Asked to Be a Guardian?
“While it’s an honor to be asked to be the guardian of someone else’s children in the event of a tragedy, there are three key considerations before agreeing to be named guardian in estate documents.”
Should I Need a Trust in My Estate Plan?
“A trust can be a vital component in an estate plan.”
What Is a Community Property Trust?
“There are two very different kinds of property ownership law for married couples in the United States: common law and community property law.”
What Is an Estate Plan?
“Nobody wants to think about how their loved ones will cope when they die. However, it’s important to plan effectively to ensure a smooth transition of your wealth and worldly possessions — even if you’re young or feel like you don’t have much to leave behind.”
The Difference between Revocable and Irrevocable Trust
“A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.”
What’s a ‘Pot Trust’?
“A pot trust, also referred to as a discretionary, sprinkling or common pot trust, is a type of trust that can be used by families to pass on assets. With this type of trust, minor children serve as beneficiaries with a trustee that oversees the management of trust assets. The trustee has discretionary power to decide how the trust funds are used to pay for the care and needs of beneficiaries.”
Should I Use a Testamentary Trust?
“What Is a Testamentary Trust?”
Do I Need a Spendthrift Trust?
“A spendthrift trust allows you to leave funds to a beneficiary without giving them full control over those funds.”
What’s Involved with Being a Trustee?
“Being a trustee is difficult but adopting these four best practices employed by professional trustees will go a long way to ensure that you’ll effectively execute your duties and mitigate your liability.”
