Most of us will benefit from having a revocable trust in place. This type of trust will ensure that upon our incapacity or death, our assets will be efficiently managed and administered by the right people and benefit the right people. However, simply having an...
If you’re a new parent, you need an estate plan
Adults often put off estate planning. Maybe you’re a young, married adult and you simply assume your assets will pass to your spouse. You’re not worried about it, and in many cases you may be right. Then you have a baby. Now you start to think more about having some...
Major life changes that warrant a review of your estate plan
Life changes all the time. This is especially true when it comes to your estate plan. When you first drafted your estate plan, it was based on your circumstances at the time, your assets and finances, the people in your life as well as existing laws. Looking 5, 10, or...
Who Should I Designate as My Executor or Successor Trustee?
The role of executor or successor trustee is among the most important ones within the estate planning process. The person entrusted with this duty serves as the intermediary between the heirs and the estate, diligently works alongside attorneys and makes sure that the...
How a spendthrift trust protects your estate
Protecting and preserving assets is an important part of an estate plan. Not only do you want to protect your assets during your lifetime, but you also want to make sure that your assets are preserved to benefit your heirs after you die. A spendthrift trust can be a...