At some point, you will likely need to add to your estate plan to ensure that your plan will achieve your ever-expanding list of estate planning goals. One of the tools you may choose to incorporate into your estate plan is a trust. Trusts have become increasingly popular, due in large part to the flexible nature of a trust. When creating your trust, you should focus on how the trust will be administered. This starts with your choice of Trustee. You will also need to decide how much discretion … [Read more...] about Trustee Discretion – How to Avoid Too Much or Too Little
Although a Last Will and Testament remains the common addition to any estate plan, another very popular estate planning tool is a trust agreement. If you choose to include a trust in your comprehensive estate plan you will need to appoint a Trustee to administer the trust. An Essex Junction trust attorney at Unsworth LaPlante, PLLC offers some suggestions for how to choose the right Trustee for your trust. Trust Basics A trust is a separate legal entity that owns and holds property for the … [Read more...] about How Do I Choose the Right Trustee?
A living trust is a common addition to the average estate plan. If you are contemplating the creation of a living trust, you will need to decide if your trust will be a revocable living trust or an irrevocable living trust. As the name implies, an irrevocable living trust is one that cannot be modified or revoked by the Settlor once the trust is established. You may be wondering why you would want to make your trust irrevocable. The Essex Junction trust attorneys at Unsworth LaPlante, PLLC … [Read more...] about When Is an Irrevocable Trust the Best Choice?