Sometimes people use Joint Tenancy as an easy, simple way to do Estate Planning. However, this can have serious, unexpected drawbacks. Read on to learn more.
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Why Would You Use an Irrevocable Trust?
There are trusts that you can revoke, and there are also irrevocable trusts. When you hear this for the first time, you may wonder why you would establish a trust that you cannot revoke if you have an alternative. We will answer the question in this post. Incidents of Ownership If you have certain objectives, […]
How Do You Include a Minor in Your Estate Plan?
There are different ways to transfer assets to the various people that are on your inheritance list, and there is some type of solution to address any objective. With this in mind, we will look at estate planning for minor children in this post. Testamentary Trust A testamentary trust can be simply defined as a […]
Elder Care Planning: Cross the Psychological Barrier
You probably try to keep yourself in shape so you look and feel as good as you can, but time doesn’t stand still. There is usually going to be some sense of denial about the aging process, and it is gradual, but the years pass rather quickly. No one wants to admit that they are […]
Tax Proposals Could Alter Estate Planning Landscape
Senators Sanders and Whitehouse have introduced legislation in the Senate which would significantly alter the Estate Planning landscape. It would dramatically change the tools we use to plan for our clients. Time is of the essence. Read on to learn more.
Is Probate Necessary for All Estates?
Many people hear bits and pieces about the estate planning process and they make assumptions based on incomplete information. This enters the picture when it comes to the administration process and the legal procedure called probate. Generally speaking, postmortem asset transfers are subject to this court-supervised process, but there are certain types of transfers that […]
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