Having a child can be one of the most momentous occasions in a person’s life, and while caring for a new child can be a joyous experience, it also comes with an enormous amount of responsibility. For instance, parents will need to begin contemplating how to provide for their child in the event of a […]
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We often are asked for advice regarding choice of trustees. Of course every situation is different, but here are some points to consider. You can select an individual as a Trustee, such as a close friend or family member; or a professional can be selected, such as an attorney or CPA; or you may choose […]
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Those looking to avoid liability for estate taxes or who want to ensure that a trust’s property and assets are protected should consider creating an irrevocable trust. These types of trusts cannot be changed without the permission of the beneficiaries. This is true even if the grantor himself wishes to change the terms of the […]
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Most people associate estate planning with creating wills or trusts to dispose of personal property, real estate holdings, and bank account balances. However, in order to prevent a will or trust from being contested, testators and trustors must also be sure to designate beneficiaries who will collect insurance, pensions, and retirement benefits. Failing to take […]
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