Category Archives: Transfer on Death
Trusts can Work for ‘Regular’ People
A trust fund is an estate planning tool that can be used by anyone who wishes to pass their property to individuals, family members or nonprofits. They are used by wealthy people because they solve a number of wealth transfer problems and are equally applicable to people who aren’t mega-rich, explains this recent article… Read More »
What Happens If Trust Not Funded
Revocable trusts can be an effective way to avoid probate and provide for asset management, in case you become incapacitated. These revocable trusts — also known as “living” trusts — are very flexible and can achieve many other goals. Point Verda Recorder’s recent article entitled “Don’t forget to fund your revocable trust” explains that… Read More »
Can I Add Real Estate Investments in My Will?
Motley Fool’s recent article entitled “How to Include Real Estate Investments in Your Will” details some options that might make sense for you and your intended beneficiaries. A living trust. A revocable living trust allows you to transfer any deeds into the trust’s name. While you’re still living, you’d be the trustee and be… Read More »
Do You Have an Estate Planning Blueprint?
That warning is applicable to people of all ages. Your assets can go to one of four spots: Your family Your friends Charitable organizations or The government. Therefore, to avoid the last choice, sit down with an estate planning attorney and ensure that your assets are being allocated how you want them to be…. Read More »
What’s the Difference Between an Inter Vivos Trust and a Testamentary Trust?
Trusts can be part of your estate plan to transfer assets to your heirs. A trust created while an individual is still alive is an inter vivos trust, while one established upon the death of the individual is a testamentary trust and is generally included within a Last Will and Testament. Investopedia’s recent article… Read More »
Estate Planning for Unmarried Couples
For some couples, getting married just doesn’t feel necessary. However, they don’t enjoy the automatic legal rights and protections that legally wed spouses do, especially when it comes to death. There are many spousal rights that come with a marriage certificate, reports CNBC in the article “Here’s what happens to your partner if you’re… Read More »
Dad’s Will and Trust at Odds?
A revocable trust, commonly called a living trust, is created during the lifetime of the grantor. This type of trust can be changed at any time, while the grantor is still alive. Because revocable trusts become operative before the will takes effect at death, the trust takes priority over the will, if there is… Read More »
End-of-Year Financial Tasks
There are some tasks that, left undone, can have an enormous impact on those you love. The end of the year is a good time to set some deadlines for yourself. Give yourself a December 31 deadline, and you’ll stay focused says The Daily Journal’s article “5 financial tasks you should tackle by year-end.”… Read More »
Can I Keep a Loved One’s Inheritance From Their Spouse?
A recent nj.com article asks, “How do I protect my niece’s inheritance from her husband?” The article says that in a scenario where someone plans to leave most of her estate to her niece but doesn’t want her estranged husband to get his hands on the money, she must be proactive to make sure… Read More »
How Should I Title My Property in My Estate Plan?
Pauls Valley Democrat’s recent article, “Considerations in how to title your property, ” says that there are several types of “automatic” transfer of property methods that don’t require probate. The first is Joint Tenancy with Right of Survivorship. This form of ownership passes title to the survivor immediately upon death and avoids probate. The… Read More »