Contact us
855-239-8015

Category: Living Trust

Should you update your trust?

Should you update your trust?

If you already have a trust, you should be commended for your wise planning. However, as time passes and laws change, it makes sense to review and update your trust to ensure that it remains consistent with your goals. I spend a significant amount of my time each week reviewing legal documents drafted by other attorneys (and sometimes […]

Read More

variations on a common theme–assets outside a trust

variations on a common theme–assets outside a trust

A Trust can be compared to a safe, a barn or some other type of protective structure. Each of these protects and preserves only those items within. This is a common theme about which we have written and spoken many times previously. Even so, while answering public inquiries on an internet Listserv earlier today, I was […]

Read More

What’s $300 million among friends?

What’s $300 million among friends?

This relates to yesterday’s post about the recent passing of Prince and the probable court battles which are about to begin as step-family and former friends and associates of all sorts try to get their hands on a portion of Prince’s estimated $300 million estate. I was visiting yesterday with a CPA with whom I […]

Read More

Angel or Devil? New book will soon be available

Angel or Devil?  New book will soon be available

Each of us is both good and bad (depending on the day and circumstance).  Our life planning should reflect this reality. The new book is based on this idea, which I was first reminded of when reading a book by Tolstoy a few years ago, wherein is found the following profound statement: “Men [and women] […]

Read More

How do I add to or remove assets from my Utah trust?

A trust can be likened to a safe that holds money and other valuable assets. WHO is permitted to access the safe (and the trust), HOW access is permitted and WHEN access is permitted are all key considerations. A Utah trust is a creature of Utah state law and therefore is governed by such Utah […]

Read More

A will or a trust, which is better?

Do you need a will, a trust, both or neither?  These are good questions.   Fortunately, Steve Hartnett, Associate Director of Education at the American Academy of Estate Planning Attorneys, recently wrote a helpful article discussing the pros and cons of wills and trusts.  The short answer to those searching questions above is that it […]

Read More

Asset Protection Attributes of Credit Shelter and Beneficiary Trusts

Asset protection is something that is often considered with great interest when people are looking at estate planning.  In today’s world of potential hazards and lawsuits, it is natural that a person would be concerned about the need for protecting their assets.     In a recent video blog, Steve Hartnett, Associate Director of Education […]

Read More

Estate Planning Myth: “I’m too young to worry about this stuff…”

Estate Planning Myth: “I’m too young to worry about this stuff…”

Its very common for “young” people, i.e. individuals under the age of 65, to wrongly conclude that they are “too young” to concern themselves with estate planning matters.  This idea of being too young for estate planning is somewhat akin to being too young to concern oneself with proper health habits or proper dental care. […]

Read More

Living Trust vs. Will–what is the difference?

Do I need a Will or a Living Trust?  Great question.  Glad you asked. There are two basis preferred methods through which a person can direct the transfer property to others when they are no longer around, one method is through a Will and another method is through a Living Trust.  NOTE–there are additional methods, […]

Read More