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...
