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A trust is a legal arrangement that can provide a powerful tool for securing your children's future. By establishing a trust, you can protect and manage assets on behalf of your children, ensuring that their financial well-being is safeguarded. Here's how a trust can...

Avoiding the need for guardianship or conservatorship is a crucial aspect of estate planning that allows you to maintain control over your affairs and preserve your autonomy. Guardianship and conservatorship involve the court appointing someone to make decisions on...

An Accumulation Trust is a type of trust that allows the income generated by the trust assets to be accumulated within the trust rather than immediately distributed to the beneficiaries. Instead of receiving regular income payments, the income is reinvested, giving...

A family member can serve as an executor or trustee for your estate plan. An executor is responsible for managing your estate after your death, including distributing your assets to your heirs according to your wishes. A trustee, on the other hand, is responsible for...

A humorist, Will Rogers, in the 1930s took aim at a couple of his favorite topics saying: “the only difference between death and taxes is that death doesn’t get worse every time that Congress meets.” For decades, I have joked about my idea for an advertising campaign:...

Estate Planning and Etiquette May is National Etiquette Month. “Etiquette” is a fancy word for manners and “Manners”, I have heard, is just a formalization of what we call love and respect. Therefore, the month of May could be the solution for all of the ills in our...

Has Your Estate Eclipsed Your Estate Plan? Estate planning attorneys work hard to create estate plans that fit the client’s needs to ensure that everything works together for the client and their loved ones. Estate plans remain effective as long as they accurately...

Selecting the best fiduciary for your estate plan is a critical decision that should be made with careful consideration. A fiduciary is a person or entity that is appointed to manage your assets and affairs in the event that you are no longer able to do so yourself....

Creating an estate plan is an admission of your mortality. The admission that you will die is difficult, but “common to man”. However, what happens if you don’t die? That is, you could become incapacitated before you die. Incapacity planning is an essential but often...

A revocable living trust is a legal document that allows you to transfer your assets to a trust during your lifetime. The trust then becomes the legal owner of your assets, and you can continue to manage and use them as the trustee of the trust. One of the primary...