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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Most trusts do not forbid margin accounts or short selling; some even explicitly allow them. But trustees are obligated to behave as prudent investors. Unless that trustee had significant training and ...Read more

Unless your cousin was historically very close to your father, this sounds like classic elder abuse. You need to go to court NOW and get an emergency temporary conservatorship and an elder abuse restr ...Read more

Your case sounds strong. It may be a serious problem that you have waited six months to pursue this. He may well have expended your entire inheritance defending his own personal cases.  Trust li ...Read more

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Beneficiary Designation contradicts the Will—who gets the money?

Dear Ms. Allison: I have a will saying “the estate will receive any deposit account listed with the middle initial as ‘T’.” The deposit accounts with the middle initial “ ... Read more

What to do if Trustee has mishandled funds?

Dear Ms. Allison: If the executor of a Trust has raided the Trust for her own advantage, what can I do? My dad’s Trust said the Trust proceeds would be used for my mom’s needs and the prin ... Read more

How do I get my half of our inheritance back from my abusive, manipulative

Q: My sister said she’d help me while going through a trial for assault by my husband. She’d never been kind before and I couldn’t understand why she was doing it now. Before I moved ... Read more

How do I remove a deceased person’s name from a deed?

Dear Ms. Allison: I have someone on my dad’s home deed. Dad has deceased. There are three persons on the house note: myself, Dad, and another person (also deceased). How do I remove the deceased ... Read more

Can a Trustee gift himself from the Trust assets?

Dear Ms. Allison: Can a Trustee gift property to himself as both Grantor and Grantee if this property wasn’t a gift in the Will but was just an inheritance? It is just two weeks after the death ... Read more

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