BLOGS

WHAT IS A LIVING TRUST? 

You may have heard of “Living Trusts” or “Revocable Trusts” as a means to avoid probate at death. But what are they? How do they work? What is the difference between a Living Trust and a Living Will? Before we answer these questions, let’s start with a more basic question -- What is a Trust? What is a Trust? Merriam-Webster defines “trust” as a property interest held by one person for the benefit of another. Another way to describe a trust is an arrangement whereby a person (a trustee) holds property as its nominal owner...Read More
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DO I HAVE AN ESTATE?

The term “estate” may conjure images of an elderly, wealthy matriarch executing a Last Will and Testament declaring which of her children and grandchildren shall inherit the family wealth at her death. Maybe she is disinheriting one or more of her natural heirs because they have mistreated her. There may even be a “reading of the Will” following her death in which family members gasp and glare  at one another when the secret estate plan is finally revealed to all. In reality, Estate Planning and Estate Administration is not like yo...Read More
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WHO GETS WHAT?

Great-grandma’s favorite necklace….Grandpa’s monogrammed cuff-links…your favorite family portrait.  Who will inherit these treasured items after you’re gone?  If you have children, chances are that your Will leaves all of your “personal effects” to your children in equal shares as they shall agree, or something along those lines.  If you do not have children, perhaps you wish to leave these things to your nieces or nephews, siblings, or a certain dear friend.  But how will they be distributed?  Who will decide who gets wh...Read More
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MOTHER’S AND FATHER’S DAY

Spring has finally arrived (hopefully to stay for a while!).  And spring means Mother’s Day and Father’s Day are right around the corner.  Maybe you’re a parent.  Even if you don’t have children of your own, maybe there are other people in your life who are like children to you.  Perhaps your parents are no longer here, or maybe you don’t get a chance to see them as often as you would like.  Maybe you have in-laws or others who are like parents to you.  Whatever your “family” looks like, this is the perfect time to consi...Read More
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WHAT IS A FAMILY LETTER?

April is National Letter Writing Month. While letter-writing has largely gone by the wayside with the advent of email, texting and social media, one letter you may want to consider still writing is a so-called “Family Letter.” What is a Family Letter? It is a letter you write to your family, to be read by them after your death or disability. But why write one? If you have already executed, or are considering creating, a Will, a Trust, Powers of Attorney, or any other estate planning documents, you should think about the reactio...Read More
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