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Issue 25.14 We all know someone who is in a second marriage and many of us are in a second marriage. Second marriages can be exciting and fulfilling while at the same time present special planning challenges. A second marriage may include his children, her children, and sometimes our children. How will the new spouse […] Issue 21.14 Several clients ask what they can do for a child who qualifies for means-based government assistance due to a disability. The simple answer is a Special Needs Trust, sometimes referred to as a Supplemental Needs Trust. The primary purpose of a Special Needs Trust is to shelter assets that will sustain an improved […] Issue 15.14 In the world of Do-It-Yourself, does it make sense to retain an attorney to complete your estate planning? We are all aware of the availability of legal documents on the Internet and the ease with which you can purchase a legal package to complete your own Will and some related documents. I read […] Issue 11.14 When creating a trust, there are two basic choices for a trustee: (1) an individual; or (2) a corporate entity. In our last article, we addressed the individual trustee and factors to consider when choosing an individual trustee. In this article, we review factors to consider when choosing a corporate trustee.
Issue 5.14 When considering an individual trustee for your revocable trust, always consider whether the individual can perform the duties and has the time and integrity to do the job. Following is a list of factors to consider when deciding upon an individual successor trustee for your revocable trust: 1. Honestly and integrity. The most […] Issue 51.13 Chances are, you own items of personal property that have monetary and sentimental value, such as jewelry, antiques, art, heirlooms, furniture, and sporting goods that you want a certain child, grandchild, relative, friend, charity, or other organization to receive after your death. Perhaps you are not concerned about the distribution of certain items, […] Issue 46.13 We all know someone who is in a second marriage and many of us are in a second marriage. Second marriages can be exciting and fulfilling while at the same time present special planning challenges. A second marriage may include his children, her children, and sometimes our children. How will the new spouse […] Issue 41.13 Although a comprehensive estate plan should not require frequent extensive review, we recommend that a periodic review of your estate plan is made to ensure that your plan is still in compliance with the law, and that your personal or financial situation has not changed. The rule of thumb in the industry is […] Issue 36.13 Parents often think about transferring assets to their children outright or as joint-tenants during their life. They may believe that the transfer will avoid probate and make it easier for the children upon the parent’s death. Lifetime transfers are sometimes used as an estate planning tool in limited circumstances and may avoid probate; […] |
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