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December 2016 Archives

What kinds of trusts are there?

Everyone will pass away eventually, and because of that, looking into your estate planning options early is something you may need to do. If you're considering creating a trust, you may be overwhelmed by the options. Your attorney can help you open any one of a number of trusts, but you first need to know what kinds are available.

Set strong estate goals to minimize probate litigation

No one wants to see their legacy be trickled away through the expense of a drawn-out probate battle. One way that you can reduce the risks of expensive probate litigation for your heirs is to work with an estate attorney to set strong goals and follow through with equally strong estate planning. Following are some tips for setting goals.

An IRA and tax implications for beneficiaries

When you're planning your estate, one thing you shouldn't overlook is the potential for your beneficiaries to be taxed. To prevent this from happening or to lessen the tax burden, there are a few things you can do, especially if one of your assets is an individual retirement account.

What are some trust mistakes you can make?

Setting up a trust for your child or children is a great way to fund things such as a college education or ensure your minor children are cared for if something happens to you. Making a simple or major mistake when creating a trust for a child can mean serious issues down the road, and you can't always go back to correct those mistakes.

Your estate plan must be customized to suit your needs

Your loved ones deserve to have everything in order when you pass away. This isn't something that is pleasant to think about, but doing a little bit of work now can help to save your loved ones from undue stress and problems while they are mourning your death. We know that you might have some questions that you need to have answered about what an estate plan might entail for your circumstances. We are here to help you discover what options you have.

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