Category

Trusts
BLENDED FAMILIES + DEATH = A POTENTIAL NIGHTMARE Anyone who’s seen an episode of “Modern Family” knows that families these days come in many different shapes and sizes. Long gone are the days when a “family” was defined as a mother, father and two children (or was it 2.5 children? Where does the .5 come...
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If you’ve given any thought about estate planning, you probably associate it with preparing for death. But did you know that there are critical reasons (and significant benefits) for planning while you’re still well and alive? That’s why I refer to my services as Life & Legacy Planning. When done right, planning for your assets...
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WHAT IS PROBATE Unless you’ve created a proper estate plan, when you die many of your assets must first pass through the court process known as probate before those assets can be distributed to your heirs. Like most court proceedings, probate can be time-consuming, costly, and open to the public, and because of this, avoiding...
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Naming Godparents Does Not Create Legal Guardians As a parent, your top priority is the well-being and future of your children. You plan for their education, health, and happiness, and often this planning includes the tradition of choosing godparents to guide and mentor your children if something happens to you. While selecting godparents is a meaningful...
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There are two primary types of trusts, revocable living trusts and irrevocable trusts. People often come to us curious or confused about the differences between revocable living trusts and irrevocable trusts. Revocable Living Trust A revocable living trust, also known simply as a living trust, is by far the most commonly used form of trust...
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By Dana M. Heyde You Are Being Asked To Be A Trustee It is an honor if a family member or friend has asked you to serve as trustee for their trust either during their life, or upon their death. This means they consider you among the most honest, reliable, and responsible people they know....
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What Can I Do If a Trustee Doesn’t Distribute the Assets?
A living trust is a written legal document that provides for the administration of an estate for the testator’s benefit during life, and then for their beneficiaries benefit upon death. A trust provides the opportunity to dictate how property will be disbursed upon death. It can also help ensure that assets will be managed according...
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The Perils of Probate
Benjamin Franklin once said, “Nothing is certain except death and taxes.” If you don’t have a trust and your estate is larger than $150,000, then your heirs can count on the certainty of Probate too. Probate is a court supervised process necessary to transfer assets to the decedent’s beneficiaries when a person dies without a...
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