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The ABCs of RLTs

You may have heard of a revocable living trust (RLT), which is a commonly used estate planning solution. But what exactly are they, who is affected by them, how can they be changed, and what do they accomplish?   What Are They?  Trusts, which are legal entities that hold title to property for the benefit [..]

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Springing Financial Powers of Attorney

  Estate planning is about more than preparing for the inevitable. A good estate plan should also consider the unexpected. Your plan may have detailed instructions for what happens when you are no longer around, but what if something goes wrong while you are alive? If you can no longer manage your affairs, you will [..]

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Can a Beneficiary Also Be a Trustee of a Trust?

Clients often naturally choose their children to be beneficiaries of their revocable living trusts. Many clients also wish to name one or more of their children as the trustee of that trust, but are not sure if that is allowed by the law. The short answer is yes, a beneficiary can also be a trustee [..]

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What Is HEMS and Why Is It Included in So Many Trusts?

In the world of estate planning, you may come across the acronym HEMS from time to time. HEMS stands for “health, education, maintenance, or support” and is frequently included in trust agreements to guide a trustee on the types of distributions they may make to a trust beneficiary. When a trustee is limited to this [..]

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Do you have a College Student?

Basic, Yet Crucial, Estate Planning Documents If  your child is a college student, you should consider completing the following basic estate planning documents: Healthcare Directive with HIPPA Authorization — While most parents assume when their child is away to college and is in need of medical attention (including mental health care) they will be immediately [..]

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Estate Planning Awareness Week: The Importance to You and Your Loved Ones of Having an Estate Plan

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 survey conducted by Caring.com, only 33 percent of adults in the United States have [..]

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Trust Funding: Is Everything Titled Correctly?

Working with an attorney to draft a trust agreement for estate planning purposes is an important step. But just getting the document drafted and signed is not enough. For any trust to be effective, you must complete the process of funding your trust as soon as you can. But what exactly is funding? A common [..]

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Important Questions Your Estate Planning Attorney Will Ask You

For many people, the thought of meeting with an estate planning attorney strikes fear into their hearts. It can be uncomfortable to even consider the possibility of no longer being able to manage your own affairs, let alone no longer being alive, with your property and accounts passing to someone else. For far too many [..]

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Britney Spears: A Cautionary Tale about Conservatorships

  Even if you do not listen to pop music, it has been hard to ignore the recent news about Britney Spears and the #FreeBritney movement trending on social media. What is this movement all about? And why should average Americans care?   In 2008, pop singer and superstar performer Britney Spears had a widely [..]

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