Category: Trusts
A Nevada trust may replace Delaware, when it comes to asset protection. Some question Delaware as the state of choice for an asset protection trust following a court decision in 2014, according to Kiplinger in “Delaware Trust? You May Want to Consider Nevada Instead.” Dynasty trusts have long been the goal of people who want […]
An estate plan is more than a will and can solve many problems for you and your family. Some recent statistics point out the importance of Americans not only creating a will, but learning about the options of an estate plan, according to the AARP in “Haven’t Done A Will Yet?“. A new survey reveals […]
Living trusts are the most common in use, but there is another type of trust. While the living trust is used more frequently, there is also a testamentary trust. Many people have the documents that create one, but they aren’t aware of it, according to NWI Times in “Wills can create trusts.” The revocable living […]
If you make no provisions in your estate plan for your spouse, your spouse may elect to take his or her share and the court could alter your plans. There are several different ways to leave an inheritance to your spouse, according to The Times Herald in “Options for leaving an inheritance to a spouse.” […]
“I love you” may not be the best approach in estate planning. The best way to express love for your spouse when it comes to estate planning may not be “I love you,” according to Wealth Management in “A Better Way To Say ‘I Love You’.” A “simple will” normally refers to a will made […]
The little mistakes are what frequently cost families the most money. While people and the media often focus on big picture mistakes, it turns out that small errors are the biggest problems in estate plans, according to the Pauls Valley Daily Democrat in “Oversights can cost your heirs money.” For most people, minor mistakes such […]
A parent may be shocked when their child gives away their inheritance for some quick money. A recent MarketWatch article described the anguish of being distressed and giving up your inheritance for some quick money in “My drug-addicted friend signed away his $800,000 inheritance to his brother — now he’s clean, can he get it […]
Generational wealth issue may create a stumbling block. The trust designed to avoid paying estate taxes for generations has come up with President Trump’s nominee for Treasury Secretary, according to the Financial Advisor in “Trump’s Treasury Pick May Have Used Tax Loophole Obama Attacked.” Properly designed and administered, dynasty trusts can help legally avoid paying […]
Dramatic shift possible in equities and bonds resulting in impact on investment in trust assets. The equity and bond markets have been relatively stable with a negative correlation for the past three decades. However, that may be about to change, according to the Financial Advisor in “Forget 30 Years Of Stock And Bond Divergence, Bernstein […]
When considering an estate plan, it is usually wiser to deal with an estate planning attorney. My San Antonio recently published the article “‘Trust mill’ scam hits elderly hard” explaining why the elderly need to be on the lookout for scams. According to the article, a reader wrote in to ask questions about an estate […]
