News & Analysis as of September 19, 2024

Living Trust

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

Do I Need A Will Or Living Trust In Washington State?

Dunlap Bennett & Ludwig PLLC on 3/6/2024

Choosing between a will and a living trust in Washington state can be confusing for various reasons. You may feel that you don’t know which estate planning tool will help you manage your financial portfolio or complex assets....more

Avoiding Probate in New York: Benefits of Planning Ahead

Lippes Mathias LLP on 11/29/2023

What is the Probate Process in New York? Probate is the formal legal process that gives recognition to a will and appoints the executor or personal representative who will administer the estate and distribute the...more

Estate Planning for Unmarried Couples: Considerations to Make

Lippes Mathias LLP on 10/5/2023

There are two ways in which your assets pass upon your death: (1) by operation of law to designated beneficiaries (IRA, life Insurance, etc.), pursuant to an agreement (a living trust agreement) or as joint owners with rights...more

Joint Trusts: A Useful Tool for Some Married Couples

Ward and Smith, P.A. on 7/7/2022

Though not a silver bullet for every situation, in appropriate circumstances, a Joint Revocable Living Trust ("Joint Trust") can provide a married couple with significant benefits and simplify the administration of assets...more

Basics of Estate Planning

Dunlap Bennett & Ludwig PLLC on 2/23/2022

Estate planning is vital to the well-being of every family. Making a will and creating a living trust can ensure that your family is provided for, significantly reduce tax burdens, and make sure these things happen in a way...more

Your Guide to Essential Estate Planning Documents

Jaburg Wilk on 5/11/2020

If you’re like most people, there is a laundry list of things you’d rather do than think about your estate plan. While it can be a challenging area to discuss, your estate plan is essential to ensure you and your family are...more

Don’t be afraid of probate

Adler Pollock & Sheehan P.C. on 12/4/2018

Probate. The word itself is enough to strike fear into the hearts of elderly individuals and their loved ones. It conjures images of lengthy delays waiting for wealth to be transferred and bitter disputes among family...more

Who needs an estate plan? Quick answer: Everyone

Adler Pollock & Sheehan P.C. on 10/2/2018

Despite what one might think, estate planning isn’t limited to only the rich and famous. Previously, avoiding or minimizing federal estate tax liability was a primary motivation for creating an estate plan. But with a...more

The sandwich generation: A slice of life

Adler Pollock & Sheehan P.C. on 6/5/2017

If a person is pulled between the pressing needs of elderly parents and his or her own children, he or she is part of the “sandwich generation.” This position can lead to frustration, anguish and even financial loss. This...more

Insight on Estate Planning - June/July 2017

Adler Pollock & Sheehan P.C. on 6/3/2017

The sandwich generation: A slice of life - Do you feel like you’re pulled between the pressing needs of your elderly parents and your own children? If so, you’re part of the “sandwich generation,” the term coined to...more

Are You Considering A Revocable Living Trust?

McNees Wallace & Nurick LLC on 5/17/2017

The revocable living trust is often advertised as a “must have” part of your estate plan. While a revocable living trust may be useful in some situations, it is not an estate planning cure all. The following are issues to...more

6 estate planning techniques for blended families

Adler Pollock & Sheehan P.C. on 12/5/2016

A “blended family” is more than just a staple of TV sitcoms. Today, it’s not unusual for a household to include children and even grandchildren from prior marriages, as well as adopted family members or same-sex couples....more

The write stuff: A letter of instructions

Adler Pollock & Sheehan P.C. on 8/1/2016

When drafting an estate plan, the centerpiece is a will or living trust. Such a document determines who gets what, where, when and how, as well as tying up the loose ends of an estate. A valid will or living trust can be...more

Have you addressed elderly parents in your estate plan?

Adler Pollock & Sheehan P.C. on 4/5/2016

Typically, an estate plan includes accommodations for one’s spouse, children, grandchildren and even future generations. But some members of the family can be overlooked, such as parents or in-laws. This article offers a...more

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