Trusts

Estate planning doesn’t have to focus solely on what happens to your assets once you die. In fact, if you have significant assets, your estate plans should also include strategies to minimize potential financial drains – including excessive taxation.  This is where a...

Special needs trusts are important tools for safeguarding the financial future of individuals with disabilities, ensuring they receive proper care and support while maintaining eligibility for government benefits. One’s choice of trustee is a crucial decision, as they...

To avoid probate, estate taxes and disputes, a trust can be added to an estate plan. A trust allows a grantor to entrust assets to a trustee who is responsible for managing the assets until they are distributed to beneficiaries.  There are many different kinds of...

If you are writing a trust as part of your estate plan, you may be thinking about making it very specific, so that it accomplishes a certain goal. For instance, say that you went to college when you were younger and you feel that it was a transformative experience....

Parents often want to give their children every opportunity in life, so they often want to leave their children a decent inheritance. Many adult children count on receiving an inheritance eventually to help them pay off student loans or fully fund their retirement...

A trustee has control over the maintenance and investment of trust resources, as well as the distribution of those assets to the beneficiaries of the trust. Nothing shatters the security of trust beneficiaries more thoroughly than the realization that a trustee has...

When you bequeath loved ones part of your estate through a will, they will be the legally recognized owners of the said assets and property. Therefore, they can sell them off if they wish. Creditors can also repossess them for a debt owed. To protect your estate from...

A spendthrift trust is a tool that allows you to provide a secure financial future for your child who has difficulty managing money. Your child will receive incremental payments on a schedule that you devise when you set up the trust. This ensures that your child will...

Most adults have a deep-seated need to care for their loved ones. One way that you can do this after you pass away is to establish an estate plan. This is a set of legal documents that relay your wishes about what type of care you desire if you’re incapacitated and...

It’s not uncommon for the beneficiary of a trust to be unhappy with the person appointed to be the trustee by their deceased loved one. Whether it’s an older sibling, a stepparent, a friend or a colleague of your loved one that you’d never previously met, the...