The trust created often leaves instructions to the trustee. In these, they note that older children earn an advancement from the common trust. They use this to pay for expenses such as buying a home or starting a business.
Author Archives: Skvarna Law
29
Jan
Jan
When you die, your accounts and property pass to minor children in equal shares. However, such money often proves insufficient for individual heir’s expenses.
07
Jan
Jan
Whether you filed for Chapter 7 or Chapter 13 bankruptcy, assume that you own less money and property than before the bankruptcy. However, during the bankruptcy process, the court reports certain accounts and pieces of property under a federal or state exemption.
24
Dec
Dec
No trust contains unlimited funds or an interminable time horizon. In the end, every trust eventually ends.
17
Dec
Dec
If you want someone to continue to manage your Facebook account after you die, you need to designate a legacy contact.
10
Dec
Dec
As professional advisors, we spend hours with our clients. In fact, we grow familiar with their most personal details. Listening intently and helping our clients achieve financial and tax planning goals creates a natural closeness between clients and advisors.
03
Dec
Dec
Left unaddressed, estate planning myths create serious trouble for loved ones. This often leads to intrafamily conflict, permanently damaged relationships, and lengthy and expensive court battles.
26
Nov
Nov
The court assigns assets, such as retirement accounts and insurance proceeds, to a designated beneficiary. So, in this role, they receive different treatment and more protection from creditors.
19
Nov
Nov
If an accident renders you unable to speak or make decisions for yourself, ask someone to speak on your behalf to doctors and medical providers. A Medical Power of Attorney (POA) allows someone to speak for you and arrange for treatment until you regain consciousness.
12
Nov
Nov
Since you spend your time rescuing other people, you may find it difficult to imagine a time when you might need help or rescue.