Making the Most of Your Estate with Irrevocable Income-Only Trusts

February 7, 2023 | Trust Administration

Having Your Cake and Eating It Too Recently a healthy single woman came to my office with the following demand: “Protect my money in case I ever enter a nursing home, make sure my children do not pay any capital gains tax on the appreciation of the assets, and protect my dignity and self-respect so […]

Qualified Personal Residence Trust or Personal Residence Trust: Which Is Right For You?

February 7, 2023 | Trust Administration

Estate planning can be a daunting process for anyone, but it's especially important to consider when dealing with personal residence trusts. Whether you choose a Qualified Personal Residence Trust (QPRT) or a Personal Residence Trust (PRT), there are both pros and cons that need to be weighed before making any decisions. In this blog post, […]

The Risks of Creating Your Own Estate Plan

September 6, 2022 | Elder Law | Estate Planning | Trust Administration

Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.

How To Create a Trust?

June 10, 2022 | Articles | Estate Planning | Probate | Trust Administration

Trust funds are an important estate planning tool. They can protect your assets while you’re alive and help ensure that you leave money to your children or other loved ones after you die.

What is an Inherited IRA?

June 1, 2022 | Elder Law | Estate Planning | Probate | Trust Administration

Most people don’t know the first thing about the Secure Act and yet it has great impact on their retirement planning.

What Is the Purpose of a Pet Trust?

May 31, 2022 | Elder Law | Estate Planning | News | Trust Administration

Many well-off pet owners have left millions of dollars to their cats, dogs and even chickens—perhaps most notoriously Leona Helmsley, who left US$12 million when she died in 2007 to her white Maltese dog Trouble.

Is Putting a Home in Trust a Good Estate Planning Move?

May 27, 2022 | Elder Law | Estate Planning | Trust Administration

Homes are illiquid assets that produce no income and come with ongoing costs for upkeep. Those issues can cause some snags with your trust.

What are the Executor's Responsibilities?

March 27, 2022 | Elder Law | Estate Planning | Probate | Trust Administration

If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility. While you have the option of declining the request, the person reaching out likely considers you to be responsible and detail oriented. An executor of an estate typically helps file paperwork, close accounts and distribute the assets of the deceased.