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Do I Need A Trust? - When You Should & Shouldn't Set Up A Living Trust
I am frequently asked by prospective estate planning clients, "Do I need a trust?" The answer is the classic one: It depends. They are not a one-size-fits-all solution. Whether setting up a living trust is a good idea for you should be discussed with an estate planning attorney who has full knowledge of your assets, family circumstances, and desires.
Read MoreHow Much Does A Will Cost? [Estate Planning Q&A Video Series]
People frequently delay having a will drawn up because of concern for the cost. The cost of preparing an estate plan package is very reasonable. Compared to the expense you would be out to handle your estate without a will or other estate planning documents, it is a bargain.
Read MoreDo I Need A Will? [Estate Planning Q&A Video Series]
While not everyone needs a Will, it's wise to explore whether it would be a smart investment for you and your family's future. I can explore with you whether the assets you own can be passed down without a Will or whether having a Will is really key to simple passage of title to assets on your death.
Read MoreWhy You Should Start Estate Planning In Your 20s
Estate planning isn't just for rich or older individuals. Even young, asset-poor 20-somethings should start thinking about how their property will be distributed in the event of a tragedy. Drawing up an estate plan is not as much an action you need to take for yourself but one you should take for your loved ones.
Read MoreWhat Is A Will? [Estate Planning Q&A Video Series]
A lot of people come to me with questions regarding what a will is, because it is so important for passing your legacy on to the next generation.
Read More5 Estate Planning Basics For Same-Sex Couples & LGBT+ Individuals
Estate planning is even more important for LGBT+ individuals, yet it is often overlooked until it is too late. In reflection of Pride Month, let’s discuss the necessity of estate planning for LGBT+ individuals and couples.
Read MoreWhat Is Involved In Setting Up A Living Trust
Setting up a living trust is the best way to ensure your assets are passed onto the right people if you pass away. So how do you start the process? In this article, we will walk through the various steps you will need to take to set up a living trust with the assistance of an estate planning attorney.
Read MoreWhat Types Of Trusts Can You Use For Special Needs?
Trusts are an excellent tool to provide for the future needs of yourself or your loved ones. A trust can be especially beneficial if you have children with special needs, including minor children and adult children with disabilities. You can also create a trust for yourself if you need to apply for Medicaid and your assets exceed the limits to qualify.
Read MoreWhat Is The Simplest Probate In Texas When There Is No Will?
If your loved one died without a Will, transferring his or her assets to beneficiaries can be quite difficult. If no action is taken, assets will not be properly transferred and the beneficiaries will have to take some legal action down the road to straighten out the situation. In some cases, a costly determination of heirship proceeding and dependent administration of the estate may be required.
Read MoreHow Much Does It Cost To Set Up A Trust?
A revocable trust is one that can be completely or partially revoked either during the lifetime of the person creating the trust or afterward. An irrevocable trust means just that: it cannot be revoked.
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