Estate Planning Issues for the Modern Family
Estate Planning Issues for the Modern Family As the name suggests, ABC’s TV show Modern Family depicts the relationships and experiences between a fictional extended family. Throughout the course of ...
Important Milestones You Can Incorporate in Your Estate Plan
Important Milestones You Can Incorporate in Your Estate Plan Life is full of contingencies. While some outcomes are relatively certain, other events are more difficult to predict. This uncertainty can ...
What if I Cannot Find a Beneficiary?
What if I Cannot Find a Beneficiary? When someone has named you as the executor of their will, or as their trustee, you are obligated to distribute that person’s money ...
Guardianships & Conservatorships and How to Avoid Them
Guardianships & Conservatorships and How to Avoid Them If a person becomes mentally or physically handicapped and can no longer make rational decisions about their person or their finances, their ...
Estate Planning for the Chronically Ill
Estate planning for the chronically ill There are certain considerations that should be kept in mind for those with chronic illnesses. Before addressing this issue, there should be some ...
Three Celebrity Estate Planning Mistakes and Tragic Lessons
Three Celebrity Probate Disasters and Tragic Lessons One would assume that celebrities with extreme wealth would take steps to protect their estates. But you know what they say about those ...
Will Our Child Have to Handle Multiple Trusts After Our Deaths?
Will Our Child Have to Handle Multiple Trusts After Our Deaths? When a married couple creates an estate plan using a revocable living trust, they have the option of creating ...
How to Keep Your Child’s Inheritance Out of Your In-Law’s Hands
About 40 to 50 percent of all marriages in the United States end in divorce. Regardless of how you feel about your child’s spouse, you must face the possibility that they could become your child’s ex-spouse. Should that day come, the money you leave to your child could be subject to a division of marital assets. With careful estate planning, your child’s inheritance can be kept safely out of the hands of their spouse or former spouse.
What Happens to My Spouse’s Debts at Their Death?
A spouse’s death creates a difficult and demanding time for the surviving partner. As much as you might want space and time alone to process your grief, you may have ...
Can a Trust Own My Business After I Die?
In general, the answer to the title question is yes, your trust can own your business after you die. However, there are a number of considerations that may impact the answer to this and the following questions. One consideration is the type of business interest you own. Is your business a limited liability company (LLC), a partnership, a corporation, or a sole proprietorship? Another consideration is how your business is managed. Is your business managed as an LLC, a partnership, or a corporation?