One of the main reasons why it is important to work with an attorney to devise your estate plan is because as a layperson, it is unlikely that you would understand all of your options. There are many different ways to proceed, and the optimal course of action will depend upon the circumstances. A major misconception that often enters the picture is the idea that trusts are only used by very wealthy people. The above statement could potentially be true, but you would have to remove the word … [Read more...] about Are There Different Types of Trusts?
The Sandwich Generation is torn between caretaking responsibilities for their minor children and their elderly parents. But first, they need to make sure they take care of themselves. Read on to learn more. Planning for the Sandwich Generation … [Read more...] about Planning for the Sandwich Generation
There are many trusts, each with its own distinctions. Not only that, but it’s not uncommon for trusts to be called something entirely different, depending on which state you’re in. Is it any wonder, then, that many aren’t sure if a trust – however it’s defined – will serve their purposes? This week, we take a look at trusts of all kinds and each with the goal of helping you in all of your estate planning purposes. Our goal is to lift that confusion over the sheer volume of them and present … [Read more...] about Trusting Trusts in Estate Planning