Irrevocable Trusts have long been an effective, albeit static, estate planning tool. These trusts didn’t always change with circumstance, but now they can. This article explores how. … [Read more...] about Changing “Irrevocable” Trusts Through Judicial and Nonjudicial Modification
Estate Planning Misconceptions Lead to Costly Mistakes
You have to be discerning about the sources of information that you trust when it comes to estate planning. People that do not mean any harm sometimes pass along ideas that are not entirely true, and this can lead to mistakes that can have a negative impact. With this in mind, we are going to … [Read more...] about Estate Planning Misconceptions Lead to Costly Mistakes
Is Your Estate Plan Outdated?
One of the major estate planning mistakes that people make is the failure to recognize the fact that this is an ongoing process. When you execute your initial estate plan, you are working with circumstances that are inevitably going to change if you act when you are relatively young. You should … [Read more...] about Is Your Estate Plan Outdated?
Don’t Overlook Incapacity Planning
A lot of people view estate planning as a strictly financial endeavor. Yes, you have to state your final wishes in writing, but you should also consider the eventualities that may enter the picture toward the end of your life. Longevity It is important to put longevity into perspective when you … [Read more...] about Don’t Overlook Incapacity Planning
Dangers of Do-It-Yourself Estate Planning
Occasionally, those who are not Estate Planning attorneys will attempt to do their own Estate Planning. Perhaps they’ll go online and get a document to use. Unfortunately, Estate Planning is about far more than a cookie-cutter document. Read on to learn more. … [Read more...] about Dangers of Do-It-Yourself Estate Planning
Trust Distribution Standards May Be Very Broad
Trustee distribution standards could be very broad. “Health, education, maintenance, and support” is such a standard, which has its origin in tax regulations. Read on to learn more. … [Read more...] about Trust Distribution Standards May Be Very Broad
