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
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
Is Your Estate Plan Outdated?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 about Is Your Estate Plan Outdated?
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
