Are you thinking about setting up a trust? It's a smart move to protect your assets and ensure your wishes are honored. But have you ever wondered who ensures everything runs smoothly? A trustee plays a critical role in managing and safeguarding your trust. Let's dive...
Trusts
The role and impact of a no-contest clause in a trust
A no-contest clause, sometimes called an in terrorem clause, is a condition in a trust that prevents beneficiaries from challenging the trust's terms. In simpler terms, it is a condition that takes away a beneficiary’s inheritance if they contest the trust in court....
Trust decanting in California: How to pour an old trust into a new one
Many families find themselves bound by outdated trust arrangements that no longer serve their needs. Fortunately, there is a solution called trust decanting, and it is helping California families adapt their trusts to modern realities. What is trust decanting? Trust...
Estate planning lets you secure your child’s future education
Many parents aspire to give their children the best start in life, often through education. Still, the costs associated with education, especially college, continue to rise each year. As a parent, how can you ensure this dream persists, even when you are no longer...
Why funding your living trust can be a smart move for your future
Have you ever wondered how to protect your assets and ensure their distribution according to your wishes after you pass? A living trust might be the ideal solution for you. However, creating a trust is just the first step; funding it is equally crucial. It is...
Trust vs. wills: The best choice for your situation
Major life changes—marriage, divorce, the birth of a child—can all lead to an individual considering their end-of-life choices. Estate planning, then, becomes a crucial step in achieving peace of mind. Within that larger rubric, though, estate planning requires...
3 signs it’s time to remove a trustee
When you establish a trust, you are ensuring your assets remain secure for your loved ones after your passing. Years of careful planning can go into creating this powerful estate planning tool, with a capable trustee at its core to manage your legacy. But what if the...
Keeping an outdated trust can cost you more
Is your trust up to date? Many people create trusts and forget about them. While they are an incredibly powerful estate planning tool, trusts need regular maintenance to remain effective. Circumstances can change over time, and your outdated trust may no longer...
Are you thinking of creating a trust?
Creating a trust as part of your estate plan is a great way to ensure that your assets are distributed the way you want after you die. But, with so many different types of trusts available, it can be difficult to decide which one is right for you. In this blog post,...
What you need to know about funding a living trust
A living trust is one of the most useful estate planning tools. Its flexibility ensures that you are in control until the very end, and even then, the terms of the trust will prevail after you are gone. However, you need to get everything right when funding a living...