Many parents express concern their in-laws becoming outlaws. Their children may divorce. In this case, a divorcing spouse could seize their children’s inherited money and property .
Category Archives: Heirs
Assets, Estate Planning, Heirs, Life Changes, Trusts, Uncategorized
Inventory: Treasure Map Your Estate
26
Feb
Feb
Distressed children often call estate planning attorneys. Their deceased parents wrote a will or a trust without itemizing an inventory. So the kids have no idea which accounts, insurance policies, or items of real and personal property their parent owned.
19
Feb
Feb
While many assume that a will or trust signed in an attorney’s office is valid, such is not always the case. Attorneys who do not specialize in estate planning may be unfamiliar with the formalities required to make a will or trust legally valid in their state.
29
Jan
Jan
Keep a majority of the details private until your death, Start the conversation with successor trustees.
16
Jan
Jan
Unlike other estate planning options, an RLT grants the ability to maintain control and enjoy accounts and property during someone’s lifetime. What’s more, it maintains privacy relative to how to manage accounts and property.
12
Dec
Dec
Everyone eventually dies. To help you make things easier for your loved ones, please call our office to schedule a consultation with one of our experienced attorneys.
23
Oct
Oct
With significant funds in the account, the family may need to file probate to claim the funds. However, most states follow a small estate affidavit process.
16
Oct
Oct
Many families purchase life insurance to protect their income. This protects the family’s source of income which would otherwise end due to the death of the parent.
28
Aug
Aug
Part 2 in a 2-Part Series Low Interest Rates & Estate Planning Last week, we began a two-part series about how to share your wealth through estate planning. To read part one in the series, click here. This week, we conclude by examining other options for sharing your wealth. We examine charitable gifts, including intrafamily loans.
21
Aug
Aug
Your attorney can design the trust to pay the grantor a stream of income at least annually and over a specific term of years. At the end of the specified term, payments end.