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Recent Posts in Wills & Trusts Category

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How to Use a Crummey Trust to Ensure Your Beneficiaries Receive Your Gift

Planning your estate is hard work, especially because it requires a lot of long-term planning. IRA trusts, retirement vehicles, and other methods of organizing your estate for your beneficiaries need ...
Continue reading "How to Use a Crummey Trust to Ensure Your Beneficiaries Receive Your Gift" »

When Should You Consider Using a Crummey Trust?

Estate planning goes hand in hand with retirement planning. As you start to set up financial structures that will last you through the rest of your life, that's the perfect time to start ...
Continue reading "When Should You Consider Using a Crummey Trust?" »

Challenging A Will After Probate - What Do You Expect to Gain?

Wills are probated for one reason only... ...to validates and establish their legitimacy. Once a Will has been probated and accepted by the Court, the Trustee can then distribute the assets to the ...
Continue reading "Challenging A Will After Probate - What Do You Expect to Gain?" »

Updating a Will -- when to do it?

When you make a will, you will have taken an important step in making sure that your assets are disposed of in a manner you desire. However, especially if you have drawn up the will early in life, you ...
Continue reading "Updating a Will -- when to do it?" »

Guidelines for Deciding Whether to Contest a Will

If there is anything worse than death, it is probably a will contest. As painful as it might be to be deprived of an expected inheritance and not be able to ever know the reason why, fighting the ...
Continue reading "Guidelines for Deciding Whether to Contest a Will" »

How Challenging is a Trust Contest vs. a Contested Will?

After sitting down with an attorney to figure out estate planning needs, many people wonder whether "fights" will take place after their death. As far as your wishes for assets after death, ...
Continue reading "How Challenging is a Trust Contest vs. a Contested Will?" »

The Primary Reasons to Consider a Living Trust

If you are currently going through the process of estate planning, then you have likely been told at one point or another that you should consider a living trust rather than relying on just a will. ...
Continue reading "The Primary Reasons to Consider a Living Trust" »

Legitimate, IRS-recognized Trusts That Can Reduce Your Tax Liability

Benjamin Franklin once said only two things are certain in life: death and taxes. Unfortunately, he did not live to see the Internal Revenue Service (IRS) recognize and permit the use of trusts to ...
Continue reading "Legitimate, IRS-recognized Trusts That Can Reduce Your Tax Liability" »

How A Trust Can Benefit Your Special Needs Child

As a parent of a child with disabilities, you understand the financial challenges that accompany a special needs life. Government aid programs like Medicaid, Medi-Cal, and Social Security can reduce ...
Continue reading "How A Trust Can Benefit Your Special Needs Child" »

Dealing With Bankruptcy in Probate

Dealing With Bankruptcy in Probate There are many people who worry about their finances. One of the biggest fears for many people is leaving a financial mess behind after they are gone. With the ...
Continue reading "Dealing With Bankruptcy in Probate" »

What Purpose Does a Living Trust Serve?

A revocable trust, also referred to as a living trust, provides a means for the grantor to designate, and modify as necessary, estate and asset beneficiaries. Multiple advantages exist with living ...
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The Upsides of Having a Living Trust

A living trust is a legal document in which your assets are held by another party for your benefit during life after which the trustee distributes them to your beneficiaries. These legal papers take ...
Continue reading "The Upsides of Having a Living Trust" »

Can you Prevent Will Contests?

After a loved one has passed, the will is read and it goes into probate so the distribution of assets can begin. However, there will occasionally be some surprises in the will for some family members ...
Continue reading "Can you Prevent Will Contests?" »

Can Someone With Dementia Sign a Will or Trust?

When your loved one seems confused or even forgets who you are, even for just a moment, it can be devastating. However, all too often our loved ones leave their estate planning until they are older ...
Continue reading "Can Someone With Dementia Sign a Will or Trust?" »

Protect Your Family Assets with a Legacy Trust

A legacy trust, also known as a "wealth trust", is an irrevocable trust which allows you to set aside assets separate and apart from your primary estate. Since assets placed in a legacy ...
Continue reading "Protect Your Family Assets with a Legacy Trust" »

Mistakes to Avoid when Writing your Will

Everyone has a bucket list filled to the brim with life aspirations, such as exercising every day, eating healthier, starting a new hobby and repainting your kitchen walls. What's probably first ...
Continue reading "Mistakes to Avoid when Writing your Will" »

When is it Time to Create a Will?

The story of the multi-car crash on the evening news ended happily, all parties coming out unscathed. But such scenarios don't always end with everyone walking away. In some scenarios it will be ...
Continue reading "When is it Time to Create a Will?" »

Consider Whether to Make a Codicil or a New Will

Will you require any changes made to your will at some point in the future? If so, it is a good idea to think about whether you should make a codicil or entire new will. The type of change will ...
Continue reading "Consider Whether to Make a Codicil or a New Will" »

Life and Law Changes: Keeping Your Estate Plan Current

You have had your Will done, a Trust set up, and Power of Attorney executed. Are you confident that your loved ones will be appropriately cared for in the event of your death? Keeping your estate plan ...
Continue reading "Life and Law Changes: Keeping Your Estate Plan Current" »

Guardianship: Make Sure Your Children Are Protected

Being a parent is one of life’s greatest pleasures. Taking care of your child, though, is more than making sure he or she has their basic needs met today, it also requires thinking of their ...
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The Do's and Don'ts of Writing a Will

It's an important topic, but unfortunately, it's one that many people would rather avoid: writing a will. After all, considering our last will and testament forces us to think about our own ...
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Will Contests Can be Costly: Is Fighting the Will Worth It?

You may have heard horror stories before. An elderly parent passes away, leaving tens of thousands of dollars to one child and completely ignoring the other in the will. These sort of cases blindside ...
Continue reading "Will Contests Can be Costly: Is Fighting the Will Worth It?" »

Why You Should Consider Videotaping Your Execution Of Your Last Will and Testament

It is the oldest theme in human history. It starts with a family. Add in property – land or stock or jewelry or collectibles. Over time, the patriarch (or matriarch) wishes to change the ...
Continue reading "Why You Should Consider Videotaping Your Execution Of Your Last Will and Testament" »

What Is An Asset Protection Trust: Why do you need it now?

You've worked hard, accumulated property and monetary assets you want to pass on to your heirs. The logical conclusion is to set up a type of trust to protect your assets from creditors or ...
Continue reading "What Is An Asset Protection Trust: Why do you need it now?" »

What About Rover?: Setting Up a Trust for Pets

Today, pets are really part of the family. Ask any pet owner what they think about their animals and they will use words like “love,” possibly even addressing them as individual family ...
Continue reading "What About Rover?: Setting Up a Trust for Pets" »
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