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Estate Planning Legal Topics

Why You Shouldn’t Designate Cotrustees

When parents are considering whom to designate as successor trustee to administer their trust upon their death, they often consider making their adult children cotrustees. This may eliminate the parents’ stress of choosing among their children, but it often creates other stress for the children who are designated. It’s generally well-intentioned, but often a bad idea.

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Estate Planning Legal Topics New Lawyers

Tips for Drafting an Understandable Trust

thinkstockphotos-513685872The purpose of a trust document is to convey information to its intended audience. But that audience is typically a very disparate group in terms of its education in general and its knowledge of trusts and taxes in particular. How can you write a trust that’s understandable to them all?

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Estate Planning Legal Topics

How to Amend a Trust

ThinkstockPhotos-97050627When drafting a revocable trust, your clients may be very keen to include a particular niece or cousin, but then have a change of heart years later and want to write them out. As long as the trust allows it, you can simply amend the trust for them instead of revoking it and starting fresh. Here’s how.

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Elder Law Estate Planning Legal Topics

Trust Property for Cats Sold to Pay for Settlor’s Care

178110810What if the dead hand is still living? A recent trust case prompts the macabre metaphor.

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Elder Law Estate Planning Legal Topics Tax Law

Tales of Hoffman: Postmortem Planning for Actor’s Estate

2013-07-catastrophe-122552905The tragic death of actor Philip Seymour Hoffman has given us an opportunity to consider his estate planning, with lessons and strategies for the rest of us.

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Elder Law Estate Planning Legal Topics

Should You Go with a Living Trust?

trust_135789295Is a revocable trust—sometimes called “a living trust”—right for you or your client?