A will (which should be accompanied by other important documents) is a foundational estate planning document. However, according to Gallup, only 46 percent of US adults have a will. This number has remained consistent in Gallup polls dating back to 1990. If you are among the minority of Americans with this crucial estate planning document, […]
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 […]
When you create an estate plan, it is an admission of your mortality. But even if you accept that you are not going to live forever, you may be slower to face the possibility that you could become incapacitated before you die. Although it can be an uncomfortable topic, incapacity is an essential but often […]
