Parents generally try to treat all their children fairly. We often assume that fairness means leaving an equal inheritance to each child. However, when it comes to an estate plan “fair” does not always mean “equal.” A thoughtful estate plan considers each child’s unique circumstances to create distributions that truly support their needs. Situations of […]
A revocable living trust can serve as a valuable estate planning tool to help ensure that your finances remain well managed if you become incapacitated (unable to manage your affairs while you are alive) and to provide future financial security for your loved ones upon your passing. However, merely signing the trust agreement does not […]
When using trusts in estate planning, a key element includes transferring the trustmaker’s real estate into the trust by recording a real estate deed with the local recording authority. This step is crucial for ensuring that the trustee has the authority to manage and ultimately sell or transfer the property should the trustmaker become incapacitated […]
Working with an attorney to draft a trust agreement for estate planning purposes is an important step. But just getting the document drafted and signed is not enough. For any trust to be effective, you must complete the process of trust funding as soon as you can. But what exactly is funding? A common way […]
