More and more people are dying with a Trust in place, often naming a family member or friend as the Successor Trustee. If you’re thinking, “I’m named a trustee, but what does that mean?” you’re not alone. Most people in this role have no idea what their “fiduciary duties” consist of. This article will help […]
The answer to this question will depend largely on the age and experience of your Estate Planning lawyer. During the first 20 years of my career, my top three benefits of a Revocable Living Trust would have been “avoid Probate,” “avoid Probate,” and “avoid Probate.” Now, finishing up the second 20 years of my career, […]
Trust Administration: What Now? One of the biggest myths of estate planning is the thought that an attorney is no longer needed if the decedent died with a Living Trust. It is true that settling the affairs of a loved one who created a Trust is easier and less costly than settling an estate thru […]
Improve your Income and Tax Planning with Charitable Trusts CHARITABLE RETIREMENT ARRANGEMENT (“CRA”) As a practicing estate planning attorney for over 33 years, I have noticed a huge change in a client’s mentality when it comes to estate planning and retirement planning. It used to be that most clients were concerned about having enough to leave […]
