Irrevocable trusts are a form of trust that can be very difficult to change. When you transfer assets into an irrevocable trust, you may give up ownership rights over them. Some jurisdictions consider any trust to be irrevocable unless you specifically state otherwise in the document. They have many advantages and disadvantages for estate planning purposes,...
Estate planning is a subject that many people avoid. It requires thinking about their mortality, which is something that none of us like to acknowledge. But the truth is that none of us are going to live forever. And so, you have a choice: put an organized and strategic estate plan together or simply sit back...
Have you heard of an NFA Gun Trust before? National Firearms Act Gun Trusts deal with ownership of firearms that are subject to stringent federal and state regulations. These trusts make it easier to possess and handle firearms after the owner passes away and protect heirs from unintentionally breaking the law. Let’s dive into the details....
For many people, creating a will can be a difficult process. Obviously it is hard for anyone to think about their own eventual passing, and it is also often hard to make decisions about who will get what. One thing that can be even more difficult than creating your own will, however, is working with a...
When doing any type of estate planning, there are many factors that you need to consider. Determining where you want your assets to go after you’re gone can be very stressful, but it is also very important. Equally important is going to be how the assets are actually distributed. In many cases, they have to go...
An irrevocable or revocable living trust can be one of the very best devices for passing assets on to your loved ones someday. Read through the following four benefits of having a living trust to see if it could be right for you. Please contact us if you’d like more information! Benefits of an Irrevocable or Revocable...
It is never too early to start planning out what you want to happen when you pass away. In general, the earlier you start planning, the easier it will be. One estate planning tool that is helpful for many people is known as a “Living Trust.” In this blog entry, we look at five important steps...
When creating an estate plan, many people fail to include their digital assets. As more and more people are doing more and more things online, it is not uncommon for many to have many digital properties that need to be taken care of. Sometimes these items will have monetary value, such as blogs, business websites or...
Estate planning is something that everyone needs to consider, but for parents of children with disabilities, it is especially critical. You will need to not only plan out how to distribute your assets after you pass, but also what type of care your child or children need, and who should be responsible for providing it. Start...
For many people, Florida probate is an intimidating concept that they need to deal with at one of the worst times in their life, just after a loved one has passed away. The probate process is set up to identify assets of a person after they have died so that they can be used to pay...
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