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Should My Trust Own My LLC?

Should My Trust Own My LLC? Many of my clients who are setting up trusts also own one or more LLC’s.  As a result, in the process of setting up their trust, they ask if their LLC should be titled in the name of their trust.  This blog discusses when the client should title their Read More

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Do I Need an A/B Trust?

Do I Need an A/B Trust? Clients ask me this question all the time.  This blog discusses what an A/B Trust is and when it is appropriate for married couples to consider one. What is an A/B Trust? An A/B Trust is a trust for married couples that divides into two trusts (typically called a Read More

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Top 7 Things To Know After You Sign Your Trust

Top 7 Things To Know After You Sign Your Trust So you have just signed your revocable living trust, and you are wondering what do I do next? This blog lists the top 7 things that I tell clients after they have signed their trust. I hope you enjoy it! You have some homework – Read More

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Top 10 Questions about Probate and Trust Administrations

Top 10 Questions about Probate and Trust Administrations Losing a parent or a loved one is difficult no matter where you live, but it is more difficult to deal with probate and trust administration issues if you are living out of state. What are the first things you should do? Who should you call for Read More

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Which Distribution Plan is Best for Your Trust?

Which Distribution Plan is Best for Your Trust? So you’ve decided that a trust is the best estate planning vehicle for you due to its many benefits, one of which is flexibility with regard to your distribution provisions, and now you are trying to decide on which distribution plan is best for you and your Read More

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Do You Trust Your Trust?

Another way of saying this is: How often do you need to have your revocable living trust reviewed after you set it up? Alternatively, what are some triggering events that might cause you to have your trust reviewed? In general, the answer varies depending on the complexity of your estate and other factors in your Read More

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Does My Business Go Through Probate if I Die?

For many of my clients who own businesses, their business is the largest asset in their estate. As a result, it is critical that this asset is properly transferred after their death. Several clients have asked me if their business or their interest in a business passes through probate if they die. The short answer Read More

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How Does the New Tax Act Affect My Trust?

By now, everyone has heard about the New Tax Act and how it will impact your family’s income taxes in 2018. However, the New Tax Act also made significant changes to the federal estate tax laws. Most importantly, the so-called single exclusion amount (which I usually refer to as the estate tax exemption amount) increased Read More

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How Do I Administer a Trust?

So, you just found out that you are the trustee of your relative’s trust. What do you do? This blog gives an overview of the steps that a trustee needs to take to administer a trust after the settlor (i.e., creator of the trust) passes away. In general, a trust administration is the orderly administration Read More

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What Happens to My “Digital Assets” If Something Happens to Me?

In the last 20 years, the concept of “digital assets” has emerged as our world has been taken over by the likes of web domains, e-mails, Facebook, and Twitter. The term “digital assets” can include many different things: your ownership and intellectual property rights in social media accounts, your access to online bill payments or Read More

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