Wednesday, August 9, 2017

Living Trusts Created Prior to 2011. Is My A/B Trust Obsolete?

Is My A/B Trust Obsolete? A revocable living trust is a valuable tool to protect and preserve your assets both for you, your children and future generations.  A living trust can help you avoid the unnecessary costs and delays associated with Probate and can help you minimize or avoid estate and inheritance taxes. Like any […]

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Top 5 Mistakes When Naming Beneficiaries of Insurance Policies

Protecting Your Goals and Your Loved Ones Naming beneficiaries of an insurance policy seems likes an easy thing to do. If a person is married, the spouse is the beneficiary. The children are often named the contingent beneficiaries. If a person is not married but has children, the children are often named as first beneficiaries. […]

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Tuesday, July 25, 2017

What is Reasonable Compensation for a Trustee to Settle a Trust Estate?

In most cases the language in a Trust simply states that the Trustee shall be entitled to “Reasonable Compensation” without stating a specific dollar or percentage. All of the following factors shall be considered in determining reasonableness of compensation: The degree of difficulty and novelty of the tasks required of the Trustee. The responsibilities and […]

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Monday, July 24, 2017

What is Reasonable Compensation for a Trustee to Settle a Trust Estate?

In most cases the language in a Trust simply states that the Trustee shall be entitled to “Reasonable Compensation” without stating a specific dollar or percentage. All of the following factors shall be considered in determining reasonableness of compensation: The degree of difficulty and novelty of the tasks required of the Trustee. The responsibilities and […]

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Challenges Facing Aging Family Members

As our senior population grows older they face unique and complex challenges. Fear of losing control and doubt concerning the ability to pay for assistance with common daily needs can result in dangerous isolation for our seniors. It can also leave family members scrambling to provide help without any clear idea of the type of […]

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Thursday, July 13, 2017

Should You Distribute Your Estate Equally Among Children in Unequal Circumstances?

Sample Case Study: Client in their mid 80’s with an estate of approximately $9,000,000. Children are three daughters in their early 60’s. Two of the three daughters have received substantial help (+/- $500,000 from the parents over the past 30 years). The third daughter has received little or no help as she has been financially […]

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