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trusts

When do trusts no longer function?

The creation of a trust can have a profound impact on its identified beneficiaries. If handled correctly, these estate planning tools can provide financial resources for years to come. The assets contained within those trusts can provide money needed for a...

Estate planning is important for everyone

Estate planning is often seen as a way to dictate how assets will be distributed to one's family upon death. This can sometimes be a pretty straightforward process, especially when assets are to be divided amongst a spouse and children. Since this is the prevailing...

Reconsidering an estate plan after divorce

Getting divorced is no easy matter. While it can leave some individuals feeling emotionally devastated, others may be excited to start a new chapter in their lives. Regardless of which side of the spectrum on which a new divorcee falls, the stark reality is that...

Contracts may affect estate planning

Estate planning can be as simple or as complicated as is necessary to meet an individual's identified needs. For some, a basic will with easily understood provisions is enough to bring their estate planning goals into reality. Others, though, require much more...

Estate planning: the irrevocable trust

Trusts are common tools used in estate planning and can be utilized to distribute assets with certain conditions attached to them. For example, assets maybe left to a beneficiary with strict rules that the proceeds of the assets contained within the trust can only be...