Trust | Estate Plan Pros

I have a Trust, Now What?

Once you have a trust, its very tempting to heave a sigh of relief, put the trust binder on a shelf and forget about it.  Here are three things you can do to make sure that trust you've created will work the way you and your attorney intend. 1. Fund It Trusts are a great way to avoid the cost and time of probate, but your assets must be in the trust for the trust to actually work! I have had to...

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Parents: Are Your Children Protected?

The first thing many new parents do is go buy life insurance. The next thing they should do is see an estate planning attorney. Why? Imagine your children are at home with a babysitter. A highway patrolman knocks on the door to let them know there’s been an accident, and you aren’t coming home. Will your children be well provided for? Too Many Relatives Tragic situations can be compounded by...

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Is Your Living Trust Vaccinated Against Creditors, Lawsuits, And Divorcing Spouses?

Most living trusts are designed to avoid probate.  But modern trusts are coming with a new feature – protecting your beneficiaries against creditors, lawsuits and divorcing spouses. If you haven’t heard, there has been a recent outbreak of measles cases here in the United States, apparently originating in Disneyland.  This outbreak has triggered a lot of discussion about vaccinations...

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Terrible Two’s, Estate Planning, and College

Watching a young child learn to take that first step, say that first word, count for the first time, makes a parent swell with pride.  Parenting books and blogs with parenting tips are popular because parents want to do everything they can to ensure their child’s future success in life.  And most of that planning centers around the parent being there, helping each step of the way, as it should. ...

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What Is The Difference BetweenA Will And A Trust?

Most people are familiar with the idea of a will, but there is a lot of confusion about living trusts.  Part of that confusion is because there are many different types of trusts.  Despite that confusion, trusts are increasing in popularity.  Most people find that living trusts are a superior solution in reducing costs and simplifying the process of administrating an estate. How a Will and Trust...

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Declare Your Family’s Freedom From Probate

I love the Fourth of July celebrations, both the activities and the reason behind the celebration.  Probate certainly isn’t King George, but having been to court with many clients I know the terror that going to court brings, not to mention the expense and huge time commitment.  Are you guaranteeing your heirs a trip to the courthouse, or are you setting them free with wise planning? What is...

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Eight Keys to Estate Planning Success

My parents taught me to leave things better than when I found them.  That rule applied to everything from my room to the campsite at which we had spent our vacation.  So it’s understandable that I’m passionate about leaving an estate that is organized, that eliminates needless expenses and delays, and reduces the potential for conflict between surviving family members. The following are eight...

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Top Ten Myths About Revocable Trusts

Trusts are often misunderstood beasts, either underappreciated, or greatly feared. This post should put your mind at ease, and reveal the soft warm lovable creatures revocable trusts actually are. Revocable or living trusts is the most common type of trust. There are many other kinds of trusts that meet special and unique goals. Today though, we’re going to look at the revocable trusts, and...

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The Art of Fishing and Estate Planning

I’ve drowned my share of worms fishing with my dad.  Not to mention marshmallows, and power bait.  Parenting is about passing on valuable life lessons, like “measure twice, cut once”.  The great thing about trusts is that you can use them to pass on life lessons as well.  This post is about passing on important financial skills through the structure of the trust benefits. There are at least...

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How Should You Take Title to Your House?

Buying a new home is always exciting and busy.  Moving plans, measuring for curtains, furniture, the list seems endless.  What is really endless is the amount of paperwork involved!  But when it comes time to make the important decision of how you should take title to your new home your agent and the escrow office will typically refer you to an attorney or your CPA.  It’s...

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