Trusts

In recent posts, we’ve explored a variety of different estate planning instruments, such as wills, revocable living trusts and payable-on-death accounts. In today’s post, we approach estate planning from a different angle: thinking first about the people, or one’s...

According to data from the U.S. Census Bureau and other surveys, the divorce rate for older Americans -- those over 50 -- has doubled. Many in that age group have estate plans in place, involving wills, trusts, or a combination of legal instruments. That begs the...

A recent article claims that almost two-thirds of Americans have not braved the topic of estate planning -- to the point of lacking even a basic will. Yet is bravery required? With the help of an attorney that focuses on wills, trusts and other instruments of estate...

Although a trust can be an effective strategy for avoiding probate, an attorney that focuses on estate planning can also suggest complementary options for clients. For starters, setting up a trust requires an individual to think about assets that are subject to...

Trusts may be effective at avoiding probate, but can they be subject to other legal or financial obligations? A recent article provides an example in the context of bankruptcy.Specifically, a beneficiary of a living trust attempted to recover assets from the trust...

Readers may be uncomfortable with the idea of turning control of property and/or other assets over to a trustee, despite the much-touted benefits of trusts in estate planning. This post will attempt to put such concerns to rest.First and foremost, estate planning must...