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Do-it-yourself estate planning is the gift that keeps on giving. To attorneys, that is. A married client recently came in to see me. He had used one of the online document preparation services to create a revocable living trust for himself. When I re…
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It’s no surprise that Americans have doubled down on their love for pets in recent years. In fact, we’re on track to spend over $150 billion on our beloved companions in 2025; more than double what we spent back in 2015. As pet ownership and spen…
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What does it take to void a trust agreement? If the creation of a trust is born out of nefarious circumstances, there may be grounds to void it in its entirety. The law allows individuals to invalidate a legal transaction if there is fraud, duress, o…
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Year end is a time when we take stock in so many ways. We take a final look at our charitable giving and begin to prepare for tax season. We plan, shop, decorate, and otherwise get ready for the holidays. We have the furnace inspected and hire a snow…
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If you have been named trustee of a loved one’s trust, you may be wondering what is involved in trust administration. Trust administration is the crucial process of properly managing and distributing the trust’s assets in accordance with the wish…
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Sometimes married couples creating trusts want to have a little more control over their assets after one of them is gone while still making sure to take care of the surviving spouse. A qualified terminable interest property (QTIP) trust serves the du…
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Everyone’s life is marked by various stages, and proper estate planning may mean different things at different ages. In general, estate planning needs differ based on one’s place in their individual life journey. When you are a college student wi…
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How does a trust avoid probate? It’s in the details. In my experience, the primary reason most people set up trusts is to avoid probate. So, how does that work? Does the mere fact of having signed a trust cut out the probate court? Not quite. I…
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We’ve been posting, along with many others, about the new federal Corporate Transparency Act. (Read our overview here.) The Act requires most small and medium-sized companies (“Reporting Companies”) to disclose to the U.S. Treasury Department i…
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Why is estate planning vital for unmarried couples? You may think that you don’t need to worry about estate planning until after you are married, but estate planning for unmarried couples is just as important as it is for their married counterparts…
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