If you are in a long-term relationship with your partner but remain unmarried, you may want to take advantage of these benefits. However, joint trusts do not work for unmarried couples. This may not seem fair. However, there are some important reasons why unmarried couples should consider separate rather than joint trusts.
Category Archives: Trusts
Assets, California Law, Celebrity Estates, Estate Administration, Estate Planning, Trusts
Celebrity Trust: Elvis Presley
02
Jun
Jun
Born in 1968 to Elvis and Priscilla Presley, Lisa Marie followed in the footsteps of her father as far as heart trouble. While her father died from a heart attack at the age of 42, she died due to heart problems nearly 46 years later, in January 2023.
19
May
May
Military personnel are entitled to a host of benefits that can significantly impact estate planning. These include pensions, healthcare benefits, survivor benefits, and life insurance programs. These benefits, when properly incorporated into an estate plan, can provide a significant financial safety net for the service member’s family.
12
May
May
Between planning, permitting, and construction, the home remodeling process can take months to complete. But even after the finishing touches have been applied, you may still have work to do. If the home is part of an estate plan, a remodel can affect that plan and require changes to it. To keep your estate plan up to date, make sure to discuss a home remodeling project with an attorney.
28
Apr
Apr
Raquel Welch had a reported net worth of $40 million. This will presumably go to her two adult children. However, few details reveal Welch’s estate plan. This suggests that she was also savvy about estate planning.
21
Apr
Apr
Who would care for your pet if you die or somehow face incapacitation? Would your survivors know how to give your pet the same level of care you provide? A good way to ensure your pet is well cared for if something happens to you is to create a pet trust.
17
Mar
Mar
A last will and testament provides instructions about who should receive a person’s money and property when they die.
03
Mar
Mar
Although starting a business is a significant achievement, small business owners cannot coast on past accomplishments. You must look to the future and plan next steps.
10
Feb
Feb
Do you still own the same property or have the same account balances as when your plan was first created? What will the balances be like at your death?
03
Feb
Feb
Parents of a special needs child could purchase life insurance for a child to benefit family caregivers.