by Christine | Sep 1, 2015 | Estate Planning |
A trust that rewards heirs for desired behavior is known as an “incentive trust.” These kinds of trusts are popular among those who fear that their beneficiaries will not treat their inheritances with respect and are likely to waste vast amounts of resources....
by Christine | Aug 31, 2015 | Disinheritance, Estate Planning, Trusts, Will Contest |
Wealthy mining magnate Harry Magnuson thought that his estate plan was all settled, and it was, while he was alive. But his wife did not follow the plan he had created, and as a result, one of the Magnuson children is now suing his siblings over an inheritance. When...
by Christine | Aug 28, 2015 | Advanced Health Care Directive, College Planning, Durable Power of Attorney For Finances, Estate Planning, Wills |
Unless you have the proper legal documents in place, once your child turns 18, you no longer have access to their health information or academic information and most importantly, you do not have the legal right to make medical decisions on their behalf. Preparing...
by Christine | Aug 27, 2015 | Estate Planning, Trusts |
Having a trust sounds like something that only wealthy people need, but trusts are useful estate planning tools for regular folks too. Trusts foster better control over how assets are distributed among heirs. When properly designed, trusts can also ensure that...
by Christine | Aug 26, 2015 | Estate Planning, Living Trust, Living Will, Trusts, Wills |
The simple and unpleasant truth of estate planning is this: few people enjoy spending time contemplating their own mortality. Estate Planning requires recognition that at some point in the future you will no longer be alive, which leads to anxiety. This is the biggest...
