Moving to a new state is exciting! You have a million things to think about, from updating your driver’s license and getting your mail forwarded to enrolling the kids in school. One important thing people often forget is their estate plan. We get asked all the time, “Do I need to update my trust … [Read more...] about Do I Need To Update My Trust After Moving to Another State?
Can a Beneficiary Also Serve as Trustee?
As you begin the estate planning process and create your first trust, you may wonder, “Can a beneficiary also serve as trustee?” Beneficiaries can and often do serve as trustees of trusts. Although this practice is perfectly legal in many situations, there are specific responsibilities and legal … [Read more...] about Can a Beneficiary Also Serve as Trustee?
Can I Set Up a Trust to Protect My Assets from Nursing Home Costs?
If you’re worried about the rising cost of long-term care, you’re not alone. Many families are shocked when they learn just how expensive nursing home care can be. One of the most common questions people ask is: Can I set up a trust to protect my assets from nursing home costs? The short answer is … [Read more...] about Can I Set Up a Trust to Protect My Assets from Nursing Home Costs?
Can a Sibling Take Over as Trustee Without Consent from Other Beneficiaries?
Disputes involving family trusts often arise not because of bad intentions, but because beneficiaries misunderstand how trustee authority works. One of the most common and emotionally charged questions in trust administration is whether a sibling can take over as trustee without the consent of other … [Read more...] about Can a Sibling Take Over as Trustee Without Consent from Other Beneficiaries?
