by Lauren Jackson | Jun 13, 2022 | Beneficiaries, Estate Planning, Real Estate, Trusts
If you are part of a group of beneficiaries (2, 3, etc.) and have inherited a parcel or parcels of real estate together, there are a variety of ways in which the real estate may be distributed. First and foremost, if the real estate is owned by a trust, the trustee of...
by Lauren Jackson | Jan 22, 2022 | Estate Planning, Revocable living trust, Trusts
If you have had your estate plan drafted recently and that plan included a revocable trust, your job is not quite over yet. One of the most important things must then do is fund your trust. If you do not fund your trust, the trust document and all your estate...
by Lauren Jackson | Oct 20, 2021 | Estate Planning, Joint Trust, Revocable living trust, Trusts, Wills
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2021...
by Lauren Jackson | Mar 23, 2017 | Estate Planning, intentionally defective grantor trust, Trusts
An intentionally defective grantor trust (IDGT) is a very interesting estate planning tool. It can be used to freeze certain assets for estate tax purposes, but not for income tax purposes. It is best used, for example, for a business that you own that is expected to...
by Lauren Jackson | Mar 16, 2017 | Divorce, Estate Planning, Trusts, Wills
In the aftermath of a divorce, updating your estate plan may not be at the forefront of your mind. You may still be distraught and emotionally and/or physically exhausted. However, many clients don’t realize what could result if they don’t update their...
by Lauren Jackson | May 19, 2016 | Estate Planning, Revocable living trust, Trusts
There really is no set dollar amount before it makes sense for you to incorporate a revocable trust into your estate plan. Whether you are married or single, old or young, have a small or large estate, just about everyone can derive some benefit from a revocable...
