How a Probate Works: Each Step Explained
Apr 01, 2021
How Probate Works If your loved one has passed away and left behind certain assets, you may or may not have to go to court in order to access or…
Should I name my trust as the owner or a…
Apr 01, 2021
This is a common question from those who set up living trusts. First off, if you are contemplating NOT doing a trust because you plan on just owning an account…
Do Beneficiary or Joint Accounts Avoid Probate?
Mar 15, 2021
Whether intentionally or not, some people are of the opinion that a trust is not necessary either because they have someone else named on their account or because there is…
What is a probate?
Mar 15, 2021
WHAT IS A PROBATE? You may think that after your loved one passes away, everything they own will simply go to their spouse, children, siblings, or closest family members. Unfortunately,…
Should I Add My Child’s Name to the Home Deed?
Mar 01, 2021
Many answers to questions from attorneys begin with, “It depends,” followed by a long list of rules, which themselves are followed by a longer list of exceptions. This is not…
What is a Bypass Trust?
Nov 21, 2020
This is a part in a series of articles I have written on various types of irrevocable trusts. Understanding Bypass Trusts Prior to 2012, many married couples created joint trusts known…
What is a QTIP Trust?
Nov 21, 2020
This is a part in a series of articles I have written on various types of irrevocable trusts. It’s not the QTIP you’re thinking of! To better understand this concept, it’s…
What is an ILIT?
Nov 21, 2020
This is a part in a series of articles I have written on various types of irrevocable trusts. Irrevocable Life Insurance Trusts Why set up an irrevocable life insurance trust (ILIT)?…
in-SECURE: Why you May Need to Update your Trust
Nov 21, 2020
Feeling in-SECURE? In January of this year, a new law came into effect known as the SECURE Act, which is the most impactful legislation affecting retirement accounts in decades. You…
Why do People Create Irrevocable Trusts?
Nov 21, 2020
What is an Irrevocable Trust? Many people often ask me, “What’s an irrevocable trust?” Or some clients come ready to ask the follow-up question, “If an irrevocable trust means I…
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