Trust Planning

Recent Articles
Modifying or Terminating a Trust
You can modify or end some types of trusts anytime, but other types may never be changed. ... Read more

A Special Needs Trust Can Help You Qualify for Other Benefits
Government programs such as Medicaid and Social Security help low-income disabled persons access essential medical and caregiver services. Ownership of even modest amounts of property or income can disqualify you from such programs. To address this problem, you can set up a special trust to preserve ... Read more

Charitable Trusts Are Generally Irrevocable
If you want your estate plan to include some of your favorite charities, there are generally two types of charitable trusts to consider. Each type of charitable trust has unique characteristics and, depending on which one you choose, you may even see some immediate tax savings. Most Charitable Trusts ... Read more

Managing Trust Taxes
Depending on how trust documents are drafted, trust income can be taxable to beneficiaries, to you, to the trust, or to a combination of all three. Maybe you want to pay the tax so your beneficiaries don't have to. Maybe you prefer that the trust pay them separately. When creating your trust, you have ... Read more

When Is a Revocable Trust a Good Idea?
One type of trust that is commonly used by estate planning lawyers is the revocable living trust, which allows you to retain control over your personal assets. However, revocable living trusts aren't for everyone. In some cases, the disadvantages can outweigh the benefits. A Revocable Living Trust Gives ... Read more

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Trusts And Estates Questions

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For a probate petition, attorney fees are not paid until the end of the case when the property is distributed.  You'll only have to front the costs, which are not expensive.  Try reaching ou ...Read more

Where you damanged at all?  You only mention that an account was liquidated, but what happened to the money?  The fiduciary should have wide discretion to invest the money in the best intere ...Read more

I do not understand why nothing has happened for 10 years.  When someone dies, a living trust becomes permanent, and is like a will except probate is not required for assets in the trust.  T ...Read more

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Why You May Need a Trust

Many people limit their estate planning considerations to making a will. While a will may allow your estate to avoid probate, a trust may be a better estate planning tool depending on your circumstanc ... Read more

If my father is in a nursing home and dies what will become of his financia

Q: My father is sick and is no longer able to take care of himself. He moved in with his sister in Ohio. He has saved money to leave for his children but did not make a will and not understanding are ... Read more

How can a lawyer file a quiet lawsuit against me?

Q: A family member gifted their home to me. We went through the whole process legally…the house was appraised; contracts were signed and a new grant deed for myself was recorded at the county re ... Read more

Be Wary of Tax Laws Concerning IRAs

By Pannone Lopes Devereaux & West LLC of Pannone Lopes Devereaux & West LLC posted in Trust & Estate Law on Thursday, November 17, 2016. This past June, the IRS issued a Private Letter Rul ... Read more

Be Wary of Tax Laws Concerning IRAs

By Pannone Lopes Devereaux & West LLC of Pannone Lopes Devereaux & West LLC posted in Trust & Estate Law on Thursday, November 17, 2016. This past June, the IRS issued a Private Letter Rul ... Read more

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