Many clients are beneficiaries of a trust, which means they receive distributions now or in the future. If you’re in this situation, you … [Read more...] about Can a Beneficiary Sell Their Interest in a Trust?
Why a Living Trust Beats a Power of Attorney for Securing Your Legacy in the event of Incapacity
When planning for your future, it’s important to ensure your affairs are handled smoothly if you become incapacitated and when you pass … [Read more...] about Why a Living Trust Beats a Power of Attorney for Securing Your Legacy in the event of Incapacity
Navigating the Complexities of Specific Bequests in Estate Planning
Specific bequests can add personal touches to your estate plan, but they require careful planning to avoid potential pitfalls. These … [Read more...] about Navigating the Complexities of Specific Bequests in Estate Planning
An Estate Planning Lesson from the Murdochs
Art often mirrors life, and the latest drama surrounding Rupert Murdoch are a prime example. Typically, when someone creates an irrevocable … [Read more...] about An Estate Planning Lesson from the Murdochs
8 Things Not to Include in a Special Needs Trust
Creating a Special Needs Trust (SNT) is an essential step in ensuring the long-term care and financial security of a loved one with special … [Read more...] about 8 Things Not to Include in a Special Needs Trust
Understanding and Avoiding Estate Disputes: Lessons from the Cannon Mills Trust Case
In a recent high-profile case, the Cannon Mills family and Atrium Health found themselves in a legal battle over a $17 million trust fund. … [Read more...] about Understanding and Avoiding Estate Disputes: Lessons from the Cannon Mills Trust Case
Top 10 Estate Planning Tips for Parents with Young Children
Estate planning is important for every adult, but it becomes essential for parents with young children. A well-drafted estate plan protects … [Read more...] about Top 10 Estate Planning Tips for Parents with Young Children
What Are the Benefits of Appointing a Professional Trustee?
Many of my clients choose to incorporate a trust agreement into their estate plans. One of the most important decisions they must make when … [Read more...] about What Are the Benefits of Appointing a Professional Trustee?
Can I Be Liable for Mistakes I Make as a Trustee?
In my last post I discussed the fact that you are not obliged to serve as a Trustee just because you are appointed. One of the reasons you … [Read more...] about Can I Be Liable for Mistakes I Make as a Trustee?
