Increase in Estate Planning for Gen-Z
September 3, 2024
Gen Z is setting an example by taking control of their financial futures early, showing an unexpected interest in estate planning.
Corporate Transparency Act Could have an Impact on Estate Plans
June 27, 2024
Its impact, deliberately, extends much farther than the entities involved and has a significant impact on estate planning in general, and succession planning – especially those involving trusts.
How Younger Adults Take Charge of Estate Planning
May 13, 2024
Conventional wisdom casts trusts, wills and estate plans as the exclusive domain of the ultra-rich. Supporting this notion, data reveals that two-thirds of Americans lack an estate plan, a figure that climbs higher to 80% among Gen-Zs.
How a Teen’s $250,000 Inheritance Vanished: Protect Your Heirs with a Trust
March 25, 2024
Learn from a teen’s loss of a $250K inheritance and discover how inheritance trusts can protect and guide your family’s future financial decisions.
3 Signs You Definitely Need a Trust (and Not Just a Will)
February 8, 2024
Estate planning is akin to crafting a roadmap for the future; it’s about guiding your loved ones through the maze of your final wishes with clarity and ease. At the heart of this journey lie two pivotal tools: wills and trusts. While both serve to shepherd your assets posthumously, certain situations demand the finesse of a trust over…
Why You Should Put Your House in a Trust
November 28, 2023
Putting a home into a trust has several benefits, from avoiding the lengthy probate process to providing potential tax advantages. This article discusses some of the intricacies of trusts and the importance of consulting with an experienced estate planning attorney. What Is a Trust and Why Is It Important? A trust is a legal arrangement where one person (the grantor) transfers ownership of their assets, like a house, to a trustee. The trustee holds and manages these assets on behalf of the named beneficiaries. One main benefit of putting property in a trust is to avoid probate, which can be…
When Is a Child Not A Descendant?
August 28, 2023
Wills and trusts, instead of designating a specific person to inherit, often name a group or class of people such as your ‘children,’ ‘issue’ or your ‘descendants.’
What is the Purpose of a Blind Trust?
June 29, 2023
Trusts can be used to hold assets for a beneficiary, and you may hear about them when carrying out estate planning or evaluating strategies to pass investments to heirs.
Should You have a Pet Trust Created?
May 16, 2023
Specialized pet trust law has developed because of the huge popularity of pets in this country, and the strong desire of pet owners to provide for their pets, even after the owner’s death.
What Legal Documents are Needed in an Estate Plan?
April 24, 2023
While legal documents may seem obtuse and difficult to understand, they are crucial for estate purposes.