We recently had a call from Josh, a client we’ve assisted on other matters. He had a question about a family disagreement—not unusual when there’s an inheritance at stake. Their father died in 2012; their mother in 2016. They had an AB Trust. The estate included the family home that...
End-of-life planning can be an unsettling process. No one wants to think about death, much less plan for it. Yet while the majority of our Living Trust clients are older, often retired or thinking about it, anyone who has assets and a family should have a Trust. It documents how...
Many of our clients are coming in to simplify their old AB Trusts. The AB Trust was originally designed to create estate tax savings by keeping the deceased spouse’s property out of the estate of the surviving spouse. In 2011, however, a dramatic change in the federal estate tax laws...
Many of our clients are coming in to simplify their old AB Trusts. The AB Trust was originally designed to create estate tax savings for couples with joint Trusts by keeping the deceased spouse’s property out of the estate of the surviving spouse. In 2011, however, a dramatic change in...
Creating and funding your Living Trust doesn’t necessarily stop there. A Trust should be updated with important life events—a birth or death in the family; changes to relationships, including divorce; or acquisition of property or other assets that could affect the inheritance of your loved ones. Occasionally, there are also...
