Some trusts are irrevocable as soon as they are created, which means that, in general, the trustmaker/grantor (the person who created and funded the trust) cannot terminate or modify it to take back the money or property that the trust holds. You may wonder why anyone would want an irrevocable trust, but irrevocable trusts can […]
Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that trustees play not only in handling trust matters but also in providing for and protecting your loved ones. What is a Trust? A trust is an agreement between an owner of accounts and property (Trustmaker/Grantor) and […]
Long time readers of this blog know of our love of the 2019 murder mystery film Knives Out, for shining a Hollywood sized spotlight on the world of estate planning. With the release of the sequel, Glass Onion in 2022, now is a great time for a refresher into the world of estate planning and […]
Would you like to provide your children or loved ones with an inheritance but protect them from the risks that may accompany a large windfall? If so, you may want to create a beneficiary-controlled trust. A beneficiary-controlled trusts allows the person you name as the trust’s primary beneficiary certain rights, benefits, and control over the […]
