trust

Discretionary / Continuing Trusts – How to Protect Beneficiaries and Their Inheritance from Bad Decisions, Divorce or Outside Influences

Although leaving your hard-earned assets outright to your adult children, grandchildren, or other beneficiaries after you die may seem like the easiest and most desired form of distribution for the beneficiaries, this scheme will make their inheritance easier prey for creditors, predators (e.g. lawsuits), and divorcing spouses.  Instead, consider using discretionary trusts (aka continuing trusts) for

2019-08-13T13:16:57-07:00July 28th, 2019|Tags: , , , , , |

Did You Or A Loved One Make Any Of These Five Critical Estate Planning Mistakes?

Sadly, most Americans are indifferent to estate planning - at best - or completely ignore the issue - at worst. When it comes to estate planning, however, there are just some mistakes that you cannot afford to make. Below are five of the most critical estate planning mistakes. Not having any estate plan. This is the

2019-02-21T09:55:40-07:00February 21st, 2019|Tags: , , , |

5 Reasons to Protect Your Retirement Accounts Now

During your lifetime, your retirement account has good asset protection, but as soon as you pass that account to a loved one, that protection evaporates. This means one lawsuit and POOF! Your life long, hard earned savings could be gone. Your heirs could be left penniless. Fortunately, there is a solution to this problem.  A special

2019-01-24T09:24:35-07:00January 24th, 2019|Tags: , , , , |

Trusts – The Swiss Army Knife of Estate Planning

To the general public, a trust may seem like an advanced tool only for the wealthiest among us. But, the reality is that trusts are a foundational estate planning tool with a solid history for being highly effective in ensuring a person’s wishes are carried out. The process begins with the maker of a trust –

2018-12-06T10:39:05-07:00December 6th, 2018|Tags: , , |

One Call You Must Make After You Buy a Home

During the home buying process, you worked with a lot of individuals: your realtor, the seller’s realtor, the title company, the loan officer, and the home inspector.  Now that you have finalized the purchase of your house, there is one more expert you need to call: your estate planning attorney. Aligning Your Ownership with Existing Estate

2018-11-19T10:20:22-07:00November 19th, 2018|Tags: , , , , , |

Do Your Parents have an Estate Plan?

If you find yourself in the "sandwich generation" (someone who is caring for both your children as well as your parents simultaneously), you need to know whether or not your parents have put together an estate plan. While it is still your parent’s choice to make estate planning decisions, having a plan -- no matter how

2018-10-11T10:40:29-07:00October 11th, 2018|Tags: , , , , |

Your Fall “Legal Affairs” Checklist

Fall is an excellent time to review your affairs. Below is a checklist to ensure your planning meets your needs and is up-to-date: When was your power of attorney last updated? A power of attorney is a valuable legal document, no matter what the circumstance. Not only is it flexible and can be prepared to meet

2018-10-05T12:59:25-07:00October 5th, 2018|Tags: , , , , |

Get Your Treasure into the Treasure Chest

When explaining the difference between a will and a living trust to our clients, we sometimes use the metaphor of a collecting treasure (your house, accounts, etc.) into a treasure chest (the trust that holds your treasure). Although we talk our clients through this concept, admittedly it can feel like they have a lot of information

2018-09-27T03:07:28-07:00September 24th, 2018|Tags: , , |

How to Choose a Trustee

When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs - collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate records, and generally keep things organized and in

2018-09-12T12:02:31-07:00September 13th, 2018|Tags: , , |