How Should You Discuss Trusts, Inheritances, and Stipulations with Children and Grandchildren?

Q. I will be leaving my eight grandchildren money in trusts and have certain stipulations and incentives I decided to include. I’d like to talk to them and their parents about it, but I am not sure how to broach the topic and have … [Read more...]

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Why Set Up a Trust for Your Children or Grandchildren?

If you are considering transferring wealth to your children or grandchildren, a trust is usually the best method. It is almost always the best way to protect an inheritance from potential depletion due to lack of financial acumen, … [Read more...]

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Critter Corner: Why Would a College Student Need a Power of Attorney?

Dear Hayek,Our son is heading to college for his sophomore year in a couple of weeks. Last year, I was worried about him adjusting socially and doing well academically. Now that I know he is happy there, has a nice group of … [Read more...]

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Yes, Probate Really Is That Bad!

When Sheila’s mother died with only a Last Will and Testament (Will) in place, she couldn’t fathom that she would still be knee-deep in probate a year later without an end in sight. Sheila often tells her friends and anyone who … [Read more...]

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Critter Corner: Simplifying Things for Your Heirs

Dear Kiwi and Mango,I am in the process of organizing my paperwork. I was thinking that I should put anything important that my children would need in one place, to make things easier if something should happen to me. Do you … [Read more...]

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Top 10 Things Your Children Want You to Leave Them and the Top 10 Things They Don’t Want

When considering what to leave your children or grandchildren, many of you hope to pass on love, wisdom, financial abundance, and maybe a few precious family heirlooms. However, despite your best intentions, while there are some … [Read more...]

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Comparing Revocable Trusts to Irrevocable Trusts: What’s the Difference? 

Q. My husband and I have decided to get our Estate Planning in order. We’ve determined that a trust is the way we should go when it comes to Estate Planning. The question is: should we consider a revocable living trust or an … [Read more...]

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Does Estate Planning Include Financial Planning, and Should Your Estate Planning Attorney Also Be a Financial Planner? 

When you go through the legal process of Estate Planning, this includes you deciding: (1) who you want to receive any real estate, savings/investments, tangible personal property, and other assets of yours after your death; (2) … [Read more...]

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Getting Remarried? What to Discuss and Plan Before Walking Down the Aisle

Q. I have been a widower for six years and recently found love again. I asked her to marry me and she accepted. This is new to me, as I had been with my late wife for forty years and then on my own again until recently. What are … [Read more...]

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Does the Corporate Transparency Act Apply to Trusts? 

Q. My wife and I recently acquired a rental property and are considering forming an LLC this year and exploring any other options, such as trusts. I heard that the Corporate Transparency Act went into effect on the first of the … [Read more...]

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