Most parents recognize that one of the most powerful aspects of putting together a will is establishing a legal guardian. This is the person who is legally eligible to care for your child if something happens to you and the selection of a legal guardian is a highly personalized decision that must be taken carefully.  […]

Should you ever use two executors?  Provided that you have selected co-executors or one or more individuals to serve in the same role can get along and cooperate, co-executors provide numerous benefits for the purpose of your estate planning. These include:               This can avoid making it seem as though one sibling is favorited above another. […]

  Most people would first turn to an online process to assist with the drafting of a power of attorney, but this is not recommended. State laws vary in terms of how to establish a power of attorney and because of the specifics in the law, it is recommended that your document is executed in […]

There are many different reasons why you might wish to revoke a trustee’s powers. If you put together a family trust yourself, or if you are a beneficiary or a trustee of a trust, there might come a point in time in which you believe that a trustee needs to be removed.  A family trust […]

Occasionally, clients ask their estate planning attorneys about how to leave behind shared gifts. This is an especially common scenario if you wish to pass along an asset to your children. Shared gifts are those that left to two or more individual beneficiaries.  Each of those beneficiaries receives a portion of the property ownership. This […]

It’s important to remember that a living trust is only active and valid once it has become funded. The living trust becomes funded after the creator puts together the necessary documents and then funds the trust by formally transferring the assets inside. The specific process for moving assets into this trust by the grantor will […]

You have the power to disinherit any or all of your children regardless of what state you live in, so long as you expressly name these terms in your estate planning materials. If you fail to mention a child specifically in your individual will, that child could still maintain a legal right to claim a […]

When consulting with your estate planning lawyer about putting together an LLC for tax and business purposes, one of the most common reasons for doing so is asset protect. A major goal of asset protection planning is to move assets into a strategic tool, such as a trust, to eliminate or reduce any exposure to […]

Through the Uniform Transfers to Minors Act you can leave gifts behind for your child or any minor in a living trust or a will. This law has been adopted in practically every state across the country. The property manager for a child is known as a custodian and under the UTMA.  The custodian’s management […]

In a child’s trust, you are eligible to leave behind specified property to one child. This property will be held distinctly from any property left for other children. You might choose with the help of your estate planning lawyer, for example, to create a child’s trust for each child if you have more than one.  […]