When you have loved ones in your life with special needs, they require extra care and attention in order to provide for those needs. Special needs, broadly defined, are needs that arise from a significant disability, usually medical or psychological in nature. It could be a physical disability such as blindness or a mental disability such...
Many people are inclined to use their assets to help leave the world a better place when they die. Some want to leave behind a philanthropic legacy while others just want to use the money that they will no longer need to do some good in the world. No matter your motivations, adding charitable donations to...
Irrevocable trusts are a form of trust that can be very difficult to change. When you transfer assets into an irrevocable trust, you give may up ownership rights over them. Some jurisdictions consider any trust to be irrevocable unless you specifically state otherwise in the document. There are many advantages and disadvantages of irrevocable trusts for...
Have you heard of a gun trust before?  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. Weapons Held in Trust...
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...