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Purpose Trusts?
are also favorable for purpose trusts and “Wyoming allowing purpose trusts to own private trust companies.” As Pearson observes, “ Other states are closely watching trends in wealth transfer vehicles,...
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Heartwarming Estate Plan
grain mill owned by Agway Inc., with a small nest egg which he invested in mutual funds, while he lived modestly on social security income. Those who knew Geoffrey Holt...
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Pet Trusts Explained
for the care of the animal(s) in the event the pet owner becomes incapacitated (sick, injured, comatose, etc.). Since pet owners know the particular habits of their companion animals better...
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Probate Vs NonProbate Assets?
...allowable limit) Vehicles intended for immediate family (under state law) Household goods and other items intended for immediate family (under state law) Keep in mind that even when beneficiaries are...
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Unmarried Partners: Avoid Intestacy
process in accordance with state probate protocols. Absent a will, the court appoints an administrator, who settles affairs based on the state laws of intestacy. Again, though there is nothing...
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Avoiding Probate Mistakes
simple as closing a financial account or as complex as winterizing a vacation home; however, failing to properly secure assets could lead to a decrease in the value of the...
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Probate Heartache: Valid Marriage?
of obtaining a will through mental incapacity or undue influence, the bad actor in this scenario uses mental incapacity or undue influence to procure a marriage license, expecting to inherit...
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Conservatorship vs Overprotection?
financial assets Provide record keeping and accounting services Coordinate a team of advisors as needed Assure that the appropriate California and Federal Income tax returns, including the estate/gift tax return,...
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Who Should Be Your Trustee?
a trust agreement that comprehensively and specifically explains how the assets placed in the trust are to be managed and distributed. Appointing a trustee to administer it is another decision...
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