Trusts

There are many different kinds of trusts that can serve numerous different estate planning purposes. There are spendthrift trusts to prevent someone from squandering their inheritance and special needs trusts to provide support for a loved one with medical issues...

Individuals in many different personal circumstances may need to add a trust to their estate plans. Those who have family members with special needs or a history of substance abuse may recognize that they need to take special steps to leave resources for those people....

Getting your estate plan together means taking the time to think about the best ways to use your assets to help your loved ones when you’re gone. You must ensure that you establish who will get what so your wishes can be followed.  While some people think they can do...

Trusts are legal entities created to preserve, invest and distribute resources. There are different kinds of trusts that people can create to leave a specific legacy and protect their loved ones’ interests. A spendthrift trust is one of the more common kinds of trusts...

Maybe you have a spouse who no longer has access to some of your property because they have previously tried to use shared assets to buy illegal drugs. Perhaps you have had to have some very uncomfortable conversations with your middle child because of their alcohol...

You may have heard of dynasty trusts, which are sometimes called bloodline trusts. The purpose of these is to help ensure that family wealth is kept within the “bloodline” as it’s passed from one generation to the next while minimizing estate, transfer and gift taxes...

If you have put off drafting your estate plan due to some complex situations involving your future beneficiaries and heirs, it is not too late to take control of the situation now. The problem might be that some potential beneficiaries may not be able to successfully...

A trust is an estate planning instrument that allows you to nominate a third party, legally known as a trustee, to hold assets on behalf of the designated beneficiaries. This estate planning tool specifies exactly when and how assets are to be passed on to the...

Choosing the right trustee can be as important as choosing to create a trust in the first place. Without the right person administering the trust, all of your careful planning could go to waste.  Some people are quick to name a specific individual of the person they...

There are a number of reasons why individuals fund trusts. They often do so to shield assets from creditors if they were to face a lawsuit. A testator may also do so to preserve their eligibility for Medicaid and other government benefits. Some individuals may also...