We often have to clear up misconceptions that people harbor about estate planning. One common notion is the idea that there is just one type of will, and one type of trust. This is not the case, and we will provide an explanation of some of the different wills and trusts that can be used in this … [Read more...] about Are There Different Types of Wills and Trusts?
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Use These Questions to Initiate the Estate Planning Process
Some people know that estate planning is important, but they are frozen with inaction because they have no frame of reference. If this sounds familiar, you can use these questions as a starting point, and we can do the rest when you schedule a consultation. Do you have dependent children? Estate … [Read more...] about Use These Questions to Initiate the Estate Planning Process
Is Your Estate Plan Incomplete?
A lot of people think that estate planning boils down to the execution of a simple will. This is definitely part of the equation, but there are other matters to consider, and a will is not always going to be the best asset transfer vehicle to utilize. Other Options You should definitely take pause … [Read more...] about Is Your Estate Plan Incomplete?
Modifying “Irrevocable” Trusts with a Trust Protector
Advisors often include irrevocable trusts as part of a comprehensive estate plan to achieve both tax and non-tax goals. The use of irrevocable trusts can cause apprehension because of the perception that irrevocable trusts are inflexible in changing circumstances. This article explores how the use … [Read more...] about Modifying “Irrevocable” Trusts with a Trust Protector
Changing “Irrevocable” Trusts Through Decanting
Irrevocable Trusts are often included as part of a comprehensive estate plan and are usually established many years before they pay out or terminate. These trusts didn’t change with changes in beneficiary circumstances or with evolving legislation, but now they can. This article explores how. … [Read more...] about Changing “Irrevocable” Trusts Through Decanting
Modifying ‘Irrevocable’ Trusts: Judicial & Nonjudicial Methods
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 Modifying ‘Irrevocable’ Trusts: Judicial & Nonjudicial Methods
