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Can You Set Up a Trust After Death?

In estate planning, the use of trusts to manage the distribution of assets is becoming increasingly more common. However, for many people, the idea of setting up a trust during his or her lifetime is overwhelming and perhaps even unnecessary.

Posted on: March 8, 2022

Do I Need an Attorney for Probate?

A competent elder law or estate attorney can discuss and use, where appropriate, such provisions as the family exemption, benefits to prepaying inheritance tax, even where the tax return is not yet complete and a listing of itemized deductions.

Posted on: March 7, 2022

What Can a Trust Do for Me and My Family?

Trusts are often associated with the rich, but the uber-wealthy are not the only people who can benefit from using trusts. There is no minimum asset level or net worth required to set up a trust, and you can put any amount of money into a trust.

Posted on: March 4, 2022

How Do I Give Assets to Minor Grandchildren in My Will?

You have many options to make sure your wishes are followed after you die.

Posted on: March 3, 2022

What Happens to Parents’ Debt when They Die?

Adult children typically don’t have to pay their parents’ bills. However, there are exceptions. Even when a child doesn’t have to pay directly, debt could reduce what they inherit.

Posted on: March 1, 2022

How Do You Pass Down a Vacation Home?

If you do not plan appropriately and thoughtfully, problems may arise with respect to this property and your family when you are gone.

Posted on: March 1, 2022

Who Is the Best Choice for Power of Attorney?

These agents take over your affairs in specific areas, if you become physically or mentally incapacitated.

Posted on: February 28, 2022

What are the Estate Planning Basics?

Estate planning is a term generally applied to the steps taken to create a roadmap for a person’s assets when they die or become incapacitated.

Posted on: February 25, 2022

Do You Have to Go through Probate When Someone Dies?

The law requires probate for a good reason. If a person dies, probate ensures that the property goes to the people who are supposed to inherit it.

Posted on: February 24, 2022

Does Your Will and Estate Planning Documents Need to Be Updated?

It’s generally recommended that you review your will and other end-of-life documents at least every few years, although there can be reasons to do a checkup more often.

Posted on: February 24, 2022