Category: Trusts


Deciding Between a Trust and a Will During the Pandemic

Knowing what will become of your assets and making the grieving process easier on your loved ones will give you peace of mind during a time of uncertainty. If you’re considering whether to draft a will or establish a trust during the pandemic, each option has benefits and potential setbacks. Depending on your assets and

What You Need to Know About Living Trusts

What You Need to Know About Living Trusts  Navigating options for managing your estate after death are a challenge. Most people know they should have a will. However, you and anyone who inherits your assets could also benefit from a living trust. To learn whether a revocable living trust may benefit you, contact a trusted

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  •   Trusts, Wills
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The Gift that Keeps on Giving: A College Education

The Gift that Keeps on Giving: A College Education According to a 2018 report by the Federal Reserve Bank of New York, some 44 million Americans have a combined student loan debt of more than $1.4 trillion. The average student debt is over $33,000, while roughly 2 percent of borrowers owe more than $100,000. Given

Unintended Consequences: What Can Happen If You Don’t Have a Will and a Power of Attorney

Unintended Consequences: What Can Happen If You Don’t Have a Will and a Power of Attorney Wills and powers of attorney are among the most important tools in the estate planner’s toolbox. Everyone should have these vital legal documents. Why? Let’s start with the last will and testament. What Happens If You Don’t Leave A

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Funding a Revocable Living Trust and Choosing a Qualified Trustee

Funding a Revocable Living Trust and Choosing a Qualified Trustee “Funding” a Revocable Living Trust is the process by which assets are transferred to the trust. It involves taking assets titled in the grantor’s name (or joint names if the grantor is married) and retitling them to the name of the trust. Funding can also

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The Purpose of a Life Insurance Trust

The Purpose of a Life Insurance Trust For many families, the value of a life insurance policy represents a significant portion of their overall estate. Of course, you want to ensure that the vast majority of your policy’s death benefits go to your beneficiaries after you pass away rather than to the IRS and state

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The Benefits of Special Needs Trusts

The Benefits of Special Needs Trusts If you are caring for a loved one with special needs, a properly designed and implemented special needs trust can provide a number of important benefits. Maximize Quality of Life While Protecting Government Assistance Eligibility A special needs trust allows you to provide funds that can help improve the

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Choosing Between a Living Trust and a Will

Choosing Between a Living Trust and a Will Planning for one’s death or incapacity is something many people put off.  After all, who wants to think about these unpleasant occurrences? This often proves to be a critical mistake.  Without a plan in place, your family and loved ones are subjected to chaos and distress at

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