Blogs, Articles and Insight

Trust fund, what is it?


This entry will continue the discussion of Trust Funding from our May Blog. People hear the phrase “Trust Fund” often in connection with celebrities or the children of wealthy people.  In truth most people use the phrase without fully understanding what it means. Previously we described Trust Funding as the process you go through to

What is probate? Probate wills.How to avoid probate. Executor responsibilites


In modern estate planning people often talk about avoiding probate, but not everyone understands what probate is or what it entails. The word probate refers to the Probate Court. While it goes by other names in some other states, every state has a court that administers the transfer of assets after a person’s death. In

pen and paper

There is Nothing “Simple” about a Simple Will

A “simple” will is exactly what it sounds like – a stripped down version of a Last Will and Testament. A simple will is a form that allows the testator (the person making out the will) to simply fill in the blanks, leaving instructions on how to administer their estate after their death. Though a

Don't Forget


You have gone to the attorney, he has prepared your estate plan and you have signed the Trust, but do you really have a Trust? At your deathbed will your assets get to your heirs? The answer is, maybe not, because after forming your Trust nothing is more critical then funding the trust. Trust funding


Wills and Trusts for Single Parents

I often hear from single parents that they don’t need estate planning.  Not only are they unmarried, they say, but they don’t have much money.  Nothing could be further from the truth.  Single parents often need estate plans even more than married parents.  Married couples generally they own their assets jointly, so when the first

Revocable Trusts

Irrevocable Trusts – Pros & Cons

What is an Irrevocable Trust? In essence, all trusts are relationships whereby property is held by one party for the benefit of another.  The trust’s creator, called a “Settlor”, transfers some or all of their property to a “Trustee”, who holds that property for the trust’s “Beneficiaries”. In contrast to Revocable Trusts, Irrevocable Trusts are

difference between a will and trust

The Difference Between a Will and a Trust:

At their core, a Will and a Trust serve a very similar purpose; to provide instructions on who will get your assets when you die.  While the purpose may be similar, the process each uses is dramatically different. Upon death, a person’s Will is used to begin a law suit known as probate.  The parties

Power of Attorney for college

Must Have Legal Documents for College Bound Students

Families with college-bound students are often ill-prepared for medical and legal issues that may arise while their student is off at school. Now that college students are 18 years old a host of privacy laws and regulations prevent access to information that the parents always had. Some families start to experience this when their student

Successful Estate plans

Why do I need a Revocable Trust?

A revocable trust is the central feature at the heart of a modern estate plan. But what, exactly, is it?  And what does it do for you and your family? Think of a trust as your own corporation. You, the trustee, are the CEO. That means you have all the decision-making power. Your beneficiaries are


What makes up an Estate Plan?

Think estate plans are just for the wealthy? The fact is, just about anyone with a home and a family can benefit from sophisticated estate planning. A well-crafted estate plan can do a lot for you and your family when it matters most. In fact, a modern estate plan is not just about death. It