It was reported this week that famed soul singer Aretha Franklin died without a Will or Trust. This problem not only throws all of her assets and liabilities into the public eye of probate and to the intestacy statutes, but also guarantees tens of thousands in...
Trusts
Divorce and your revocable trust
Revocable trusts offer a number of benefits, such as avoiding probate which can help save money as well as time while maintaining privacy. However, there are times when people may decide to take a second look at their revocable trust. For example, someone who has...
Finding a new trustee
We have covered many aspects of estate planning and the probate process on this blog, from naming a trustee to the benefits of a trust (such as avoiding court) and probate disputes. However, there are many other issues that may arise with respect to trusts. For...
Creating a special needs trust
Our law firm has reviewed some of the different types of trusts on our blog, such as spendthrift trusts. However, there are other types of trusts that may be preferable, given a person's unique circumstances. For example, some people move forward with a special needs...
What are spendthrift trusts?
There are many options when it comes to trusts, but creating one that is appropriate under your own personal circumstances is essential. From revocable trusts to irrevocable trusts, there are an array of choices people have. Depending on your situation, a spendthrift...
Which roles are assigned with revocable living trusts?
If you are in the early stages of estate planning, you could have a wide range of questions. For example, you may be unsure of which option, a trust or a will, is right for you. However, it is vital to understand some of the key aspects of an estate plan. For example,...
What are revocable trusts?
When it comes to making decisions regarding your estate, you may have a number of options on the table. However, it is vital to closely assess each choice and figure out which one will work best for you, given your circumstances. For example, you may be trying to...
Working through a trust dispute
When people create a trust, they typically hope that their trust will be helpful for those who are close to them, and that their assets will be split up among beneficiaries appropriately. At Buechner Haffer Meyers & Koenig Co., our law firm knows that this...
Choosing the right trustee by Steve Hoffsis
Many people understand that a living trust helps them avoid probate. This is true, to the extent that the trust is funded at the time of death. A trust can be a wonderful estate planning tool for many reasons, including the ability to avoid the time, expense, and...
Quick fix: Modifying or terminating an unproductive non-charitable irrevocable trust by Brian J. Hirsch
Often in our estate planning practice we encounter clients who long ago executed a non-charitable irrevocable trust that is no longer productive or that no longer functions as intended. This can be caused by a number of issues, such as changed circumstances in the...