Category: Trusts
A trust can solve a lot of problems, if you are the primary provider and pass away. A good way to make sure your family gets the money they need to meet bills and expenses after you are gone, is to avoid probate, according to The New York Times in “Life After Your Death? Why […]
There are many, many reasons why people need an estate plan. There are so many reasons why people need a will, that in all likelihood everyone needs one, according to The Bellingham Herald in “Here are seven reasons you want to protect your family with a last will and testament.” The reasons include: Without a […]
If you end up needing Medicaid, the government will look closely at your assets. There are some ways around the problem of having assets and needing Medicaid. A trust is one of the answers, according to the Times Herald-Record in “Benefits of Medicaid Asset Protection Trust.” A Medicaid Asset Protection Trust is a trust that […]
The distribution of real estate can be a good deal or a bad deal. One way to avoid real estate going through probate is to put someone else’s name on the ownership of the asset. However, that almost always comes out badly, according to the Daily Republic in “All Things Real Estate: Living trust best […]
To Kill a Mockingbird put author in the limelight, but she quickly stepped out of it and has remained out. When Harper Lee, the author of To Kill a Mockingbird, died in 2016, there was considerable publicity as writers attempted to uncover all the details of her life. They met with little success. Lee’s will […]
Wills and trust often go hand-in-hand, when it comes to estate planning. Should you decide to use an online service instead of going to an estate planning attorney, you may find yourself with a trust but then learn you also need a will, according to the Lake County News in “The difference between a trust […]
A challenge can be created when one child is responsible, and others aren’t. Varying degrees of financial responsibility by children can be a challenge to creating an estate plan, according to Market Watch in “My son is responsible, my daughter is in debt — how do I split my estate?“. A common way to meet […]
Create a second trust and the first is revoked? It doesn’t work that way. A common question was presented to a column about trusts, according to the NWI Times in “Can an individual establish more than one trust?“. The question was if a second trust wipes out the first trust. The confusion over trusts is […]
Protecting assets for your minor heirs can be a challenge. If you plan on leaving assets to minors, you can leave it to the courts to decide on the best person to handle the funds or you can do it yourself through an estate plan, according to the Times Herald-Record in “Proper legal planning for […]
Sometimes it is best if your home does go through probate. Putting your child’s name on the deed of your home may avoid probate. However, it is almost always a very bad idea because of the risks involved, according to My Prime Time News in “Deeds and Probate Avoidance.” The problem is that by putting a […]
