An “irrevocable trust” certainly sounds as though it can’t be altered. And, for the most part, it can’t be. But, like many things with law, there are exceptions. Let’s take a look at irrevocable trusts, when they’re used, and when they can be altered. What is an Irrevocable Trust? An irrevocable trust occurs when assets […]
Having a trust can be a great way to ensure that your assets end up where you want them after you pass away. Likewise, a trust gives you some added control over spending/use of your assets by your beneficiaries. Still, there’s a lot of misinformation out there regarding trusts and what they entail. Specifically, it […]
As we age and our assets raise in value, it becomes imperative that we properly allocate our assets and belongings through a comprehensive estate plan. With that being said, there is more to planning an estate than simply drafting our last will & testament. A successful and effectively drafted estate plan will incorporate provisions that give […]
Many people take steps to put a will or trust in place to ensure their wishes are followed after they pass. However, that doesn’t mean there won’t be some disputes after you’re gone. There may be family members who feel they should have been included or individuals who try to claim you meant to make […]