New Year’s Resolution: Get That Estate Plan Done

New Year’s Resolution: Get That Estate Plan Done

Visiting an attorney to get your estate plan done is one New Year’s resolution that you should keep. None of us knows whether or when we may find ourselves seriously injured or sick. But if it does happen, you may be unable to speak for yourself. That’s...

What is a Trust? 

What is a Trust? Trusts are mentioned everywhere: movies, shows, articles, books. But what are they?  A Trust is an agreement between a person with the intent to make and (usually) fund the Trust (Grantor), the person in charge of fulfilling the instructions...
What is a Pour Over Will?

What is a Pour Over Will?

In creating an estate plan, you are proactively taking steps to ensure that your assets will be distributed according to your wishes in the wake of your death.   One tool available to you in estate planning is known as a trust. There are numerous kinds of...
How Much Should a Trustee Be Compensated?

How Much Should a Trustee Be Compensated?

Serving as a trustee of a trust can be a huge responsibility, so trustees are entitled to compensation for their work. The amount of compensation depends on the type of trustee and the complexity of the trust.  Depending on the trust, a trustee’s duties can...
When a Non-Grantor Trust Might Be Useful

When a Non-Grantor Trust Might Be Useful

One of the many factors to consider when setting up a trust is whether to make it a grantor trust or a non-grantor trust. While a grantor trust is more common, a non-grantor trust can be useful in certain circumstances.  A grantor trust is any trust in which the...