A revocable trust is an extremely popular estate planning tool that can help you plan ahead for your future. It is critical to ensure however that the trust has been appropriately funded. There is significant advantages associated with using a revocable trust, such as avoiding probate and asset management. However, you’ll never be able to… Read More »
Posts Categorized: Trusts
What You Should Know About Charitable Trusts
If you are intending to leave assets behind to a charity, you should consider working directly with an experienced estate planning attorney to help make sure your gifting is done in the way you want. For example, charitable contributions to a trust allow you to pass on assets to a charity but also have significant… Read More »
What Lessons Can Be Learned from David Bowie’s Estate?
David Bowie left a major mark on the music industry but he also left behind approximately $100 million to his family members, according to the BBC. While his will outlines that each of his children will receive 25% of the estate, his youngest child is not legally allowed to inherit money yet. Since his daughter,… Read More »
A Look at a Few Common Trusts (And How They Help)
The Motley Fool recently issued a new article dispelling the myth that trusts are only for wealthy families with walk-in vaults and rivers of gold. The truth is that trusts have become an essential building block in today’s middle-class and working-class estate plans. View image | gettyimages.com Trusts can save everyone money, heartache, hassle, and… Read More »
Robin Williams’ Will: No Exploitation of His Image for 25 Years
Don’t look for a Robin Williams hologram at next year’s Oscars. Who can forget the dancing Michael Jackson hologram at last year’s Billboard Music Awards? Or Celine Dion’s “American Idol” duet with a posthumous Elvis? Or the recent Audrey Hepburn commercial for Dove chocolates? The advertising and entertainment industries love a good resurrection. But they… Read More »
Understanding a Pour-Over Will
A Pour-Over Will is a type of Will that directs your assets to a trust that is separate from the Will. The reason for “pouring” assets from the Will over to a trust is so that the trust will direct what happens with your assets. Having your trust control the assets provides for potential tax… Read More »