Planning For A Family Trust
Planning for a Spouse · Am I required by the laws of my state to leave a portion of my assets to my spouse? The inheritance and succession statutes of…
Tenancy-In-Common Property
· What is tenancy in common? Tenancy-in-common is ownership of property between two or more people. Each of the owners owns a percentage of the property, called an undivided interest.…
Traditional Methods Of Estate Planning
Ownership of Assets · What does “title” mean in relation to property ownership? Title is the legal concept of ownership. When you take “title” to any piece of property, you…
Unlimited Marital Deduction
· How much property can I leave to my spouse without my estate having to pay federal estate tax? The federal estate tax law permits leaving an unlimited amount to…
The Fundamentals of Estate Planning
· What is an estate? There is a common misconception that “estates” are exclusive to multimillionaires. Most people do not realize what actually makes up an estate and only have…
Joint Revocable Living Trust
· What is a joint revocable living trust? A joint revocable living trust is a single trust created by a married couple that addresses each spouse’s wishes as to his…
Alternate Methods of Estate Planning
· Why can’t I just give my property away while I’m living? There are several reasons. First, by giving your property away, you give up control of your property. Regardless…
The Revocable Living Trust
What Is a Revocable Living Trust? “The revocable living trust is established by a written agreement or declaration that appoints a trustee to manage and administer the property of the…
Beneficiary Designation
· What is beneficiary-designation property? While you may have title to certain assets in your individual name, the very nature of an asset may dictate to whom it will be…
Living Wills
· What is a living will? A living will, or advanced medical directive, is a legal document which directs your physician to discontinue life-sustaining procedures if you are in a…
