Trusts - Category

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Why You Need a Will or Living Trust Document If you die intestate (without a will), the laws of your state determine what happens to your assets and your minor children. So unless you have an inordinate amount of faith in your beloved state legislature, you need a written will to make your wishes known. […]

In the past, trusts often were drafted with little flexibility. Now, more and more, trusts tend to be drafted with increased flexibility and there are even ways to change trusts which have become “irrevocable.” There are several ways to modify a trust, including by a Trust Protector, by a procedure under the state’s version of […]

The Irrevocable Trust is an estate planning mechanism aimed at protecting assets and reducing tax liabilities. The IRS (Publication 1635) defines the Irrevocable Trust as a “trust, which, by its terms, cannot be modified, amended, or revoked. Source: How To File An Irrevocable Trust With The IRS | TheLawDictionary.org

A living trust, also known as a revocable trust, can be a smart addition to your end-of-life planning. Find out what it is and why you should consider one. Source: Is a revocable living trust worth it? | Haven Life

Mediation serves as an alternative to a full-scale litigation to settle disputes. At a mediation, family members and beneficiaries discuss plans on transfer of assets. Because of the potential conflicts associated with blended families, step siblings, and multiple marriages, creating an estate plan through mediation allows people to confront the issues head-on and design a […]