LIVING TRUSTS
When most people think of a Will, they think of leaving everything to their spouse, if there is one, and then to their children. Most people do not think of a Living Trust. Generally, after careful consideration, people establish a Will pouring over into a Living Trust. The advantage of a Living Trust is that…
SPECIAL ESTATE PLANNING CONSIDERATIONS PART 2
Bloodline Trust. If a parent leaves money to a child, that money is subject to claims of the child’s creditors, claims of a divorcing spouse, or the potential for the child to squander the money. A way to avoid these problems is to leave money to something called a “Bloodline Trust.” This means that…
SPECIAL ESTATE PLANNING CONSIDERATIONS PART 1
Grandchildren. Do you want to make a gift to your grandchildren in your Estate Planning documents? Some people say, “I’ll leave it to my children, and my children will take care of the grandchildren.” Most people say they would like to leave a gift to their grandchildren or a trust for their grandchildren, because of…
BEGLEY LAW GROUP TEN-STEP GUIDE TO YEAR END PLANNING
As the end of the year approaches, individuals often have many things on their minds, least of which is estate planning. While there is not much time left in 2025 to complete a comprehensive plan, there are a number of steps individuals can take to boost the estate plans they have in place. The following…