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...]
Print This PageHow Should You Discuss Trusts, Inheritances, and Stipulations with Children and Grandchildren?
August 20, 2024 by
Why Set Up a Trust for Your Children or Grandchildren?
August 14, 2024 by
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...]
Print This PageCritter Corner: Why Would a College Student Need a Power of Attorney?
August 14, 2024 by
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...]
Print This PageYes, Probate Really Is That Bad!
August 6, 2024 by
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...]
Print This PageCritter Corner: Simplifying Things for Your Heirs
August 6, 2024 by
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...]
Print This PageTop 10 Things Your Children Want You to Leave Them and the Top 10 Things They Don’t Want
May 21, 2024 by
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...]
Print This PageComparing Revocable Trusts to Irrevocable Trusts: What’s the Difference?
April 26, 2024 by
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...]
Print This PageDoes Estate Planning Include Financial Planning, and Should Your Estate Planning Attorney Also Be a Financial Planner?
April 19, 2024 by
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...]
Print This PageGetting Remarried? What to Discuss and Plan Before Walking Down the Aisle
March 22, 2024 by
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...]
Print This PageDoes the Corporate Transparency Act Apply to Trusts?
January 12, 2024 by
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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