If you are asking these questions, chances are someone you know has recently told you that you need a trust. Depending on who that someone is, they may be right. However, not every person or family needs a revocable living trust. While many people do benefit from the advanced planning structure a trust offers, that determination […]
Trusts
Trust Fund Baby, Not What You Think
We have all heard negative connotations of the “Trust Fund Baby.” Some of you may have even heard a recent song on the topic (especially if you like boy bands). Unfortunately, this negativity causes many people to think they only need a trust if they are super wealthy. Nothing could be farther from the truth. […]
Wills and Trusts Annual Checklist
Clients often ask how often do they need to change, update, or restate their revocable living trusts and/or last will and testament (“Wills”). The answer is, of course, it depends. There are some major life events that may necessitate a change, or at least a review with your attorney. Below is a our Wills and […]
Disinheriting an Adult Child, Should You Do It?
“How do I disinherit someone?” This question comes up a lot more frequently than some people might imagine. Disinheriting a child, or anyone, from your estate plan, will, trust, or other assets is possible. However, take care to make sure you do so properly and we highly recommend professional assistance. Before making the decision to […]
Do You Have an Estate Plan? “No, Because I Don’t Have an Estate.”
Do I need an Estate Plan? It was the spring of 2007 and Joe met with an estate planning lawyer for the first time. Joe was your average middle class guy. He was married to Sally and they had a little one on the way. Joe also shared custody of his daughter from a previous […]