The reasons a trust-maker creates a trust emerge as important. However, your intent or purpose for creating a trust imparts legal ramifications. Therefore, a trust-maker must express (in writing) their intent or purpose for creating the trust.
Category Archives: Assets
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.
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.
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.
05
Nov
Nov
Rather than ignoring an uncomfortable topic, think proactively about the challenges of living with mental illness.
15
Oct
Oct
A life insurance policy sometimes provides money for continuing care of family members with long-term disabling health conditions.
24
Sep
Sep
Unfortunately, despite our best efforts, millions of people misplace wills and trust documents.
Assets, Estate Planning, Inheritance, Life Changes, Trusts, Uncategorized
Community Property or Separate Property
10
Sep
Sep
At the time of a death, the legal determinations ensure that the court distributes inheritances in an orderly fashion. Issues may arise during death or divorce depending on whether you live in a community property or separate property state. Based on differing expectations of all parties involved, disagreements may arise.
20
Aug
Aug
Does creating or updating your estate planning seem daunting? If so, this blog addresses common questions senior citizens ask about estate planning.