Trust Planning

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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

Do I Even Need a Will or a Trust?
As the years fly by faster and faster, most of us start thinking about what will become of our financial and physical assets when we die. Surprisingly few of us actually do anything about it, however. We may think that we don’t have enough “money and stuff” to make an estate plan worthwhile. We ... READ MORE

Why Make a Trust
A trust can be a powerful estate device. ... READ MORE

Who Needs a Financial Power of Attorney?
Usually, we like to feel that we are on top of making our own financial decisions. We pay our bills, transfer money between our accounts and make our investments (good and bad). But sometimes, this is not possible. Maybe you are traveling to a remote area for an extended period of time. Maybe you have ... READ MORE

The Role of the Trustee or Trustees
When you create a trust, put serious thought into who you name as trustee. A qualified trustee will be good with numbers, and with people too. ... READ MORE

Common Questions: Trusts
Trusts aren't right for everyone. ... READ MORE


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Trusts And Estates Questions

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Sir/Madam You need to see if the final will you are referring to was the final will deposited with the court. Probate procedures require that all beneficiaries receive Notice of Admini ...Read more

There is definitely an issue here, but you are right, you do not know how to explain it.  Contact a lawyer on the phone to help.  Documents need to be reviewed.

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My grandmother bought me a home, but did not leave it to me in her will

Q: As I stated above, my grandmother bought me a home to live in, which I have been in for almost 4 years. It is not stated in her will that she leaves the home to me and now her children want to kick ... Read more

Rights of a Beneficiary

With smaller estates, it is usually sufficient to rely on a Will to ensure a loved one’s property is distributed according to his or her wishes.  When dealing with assets around $150,000 or ... Read more

What information must a beneficiary provide to the administrator?

Q: I am the named beneficiary and I inherited my friend’s life insurance and 401k. The estate administrator is requesting I provide him with information regarding those accounts/policies so that ... Read more

Can I Make Mom Pay for College from Dad’s Life Insurance?

Dear Ms. Allison: How can I make my mom pay for my college with my dad’s life insurance money? They’ve been divorced for 17 years and he died 2 years ago. Now that I’m 21, she won&#8 ... Read more

Whate do I do with the 1099-S from the sale of deceased mom’s home.

Q: The county valued the house at $131,100 and it sold for $129,900. Doesn’t this count as a loss and therefore not income? A: Form 1099-S is used to report gross proceeds from the sale and exch ... Read more

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