When Equal Inheritances Are Not the Same as Fair Inheritances
Many parents begin estate planning with a simple assumption: everything [...]
Why Beneficiary Designations Can Undermine a Carefully Drafted Estate Plan
Many people assume their will or trust controls what happens [...]
Why Wealth Planning Should Be Reviewed Before a Business Sale
For many business owners, the sale of a company represents [...]
Can Fixing a Trust Trigger a Gift Tax?
Families often want to change old trusts for good reasons. [...]
Directed Trusts: Why Dividing Trustee Duties Requires Careful Documentation
Modern trusts often divide responsibility among several people or institutions. [...]
Trust Situs and State Tax: Why Location Still Matters in Estate Planning
Many families assume that if they move to another state, [...]
Power of Substitution in a Trust: Why Equal Value Must Be Real
Many irrevocable grantor trusts include a power of substitution. This [...]
Grantor Trust Tax Reimbursement: Helpful Provision or Estate Tax Risk?
Some irrevocable trusts are intentionally designed so that the person [...]
Nonjudicial Settlement Agreements and Trusts: Why Family Agreement May Not Be Enough
Families often assume that if everyone agrees to change a [...]
Trust Decanting: How Some Old Trusts Can Be Updated
Trust decanting is one way an old irrevocable trust may [...]