Trusts are often established as part of the estate planning process, and can be used as a tax-efficient means of passing on assets such as land, money and shares. They allow the person responsible for setting up the trust to retain a degree of control as to the way in which the assets...
Bellevue, WA, specializing in wills, estate planning, prenuptial cohabitation separate property agreements, living wills, guardianship, living trusts, probate, will contests and litigation, TEDRA, King County areas of Seattle, Kirkland, Mercer Island, Re
Incentive Trusts:An incentive trust is a trust designed to provide a reward or incentive for a particular accomplishment. Many parents desire to reward their children for obtaining a degree or accomplishing a certain task. An incentive trust would be established to outline the task and provide the...
Planning and Budgeting for Elderly Parents Managing your aging parents healthcare and financial needs can be stressful— learn how to make a plan that reduces stress and meets all their needs. 5 min read Health & Wellness How to Do a Digital Detox Without Feeling Stressed Out If the idea...
Estate planning plays a pivotal role in ensuring that young children are provided for in the event of unexpected circumstances. Parents with young children are very busy people and there is never enough time, but don’t let your busy schedule prevent you from creating an estate plan for your ...
Trusted New Mexico and Montana estate planning attorney Johanna A. Pickel provides estate planning for families and singles using wills and trusts. 505-798-2515
Even those with modest savings will want to ensure their property and assets go to the heirs of their choosing, not the government’s. Plus, a will is essential for those with minor children since it can dictate who receives custody should both parents pass away at the same time. ...
Estate Planning: Beyond the Basics Estate planning isn’t just for the wealthy or those nearing retirement. It’s for anyone who wants to make sure their family is protected, no matter what. Yes, a will is part of it, but so are trusts, health care directives, and powers of attorney....
Working with an attorney who specializes in estate planning and trusts is critical to ensuring you’re choosing the right trust for your needs and that it’s structured according to your wishes. Some of the most common types of trusts are: Revocable living trusts: A revocable living trust ...
As Chicago estate planning and elder law attorneys, we deal with complicated issues surrounding guardianships, special needs trusts and Medicaid planning.