You might have considered including special needs trust in your estate plan. If so, then you need to know the importance of distributions from special needs trust. They must fall in accordance with the terms of the trust so that the creator remains eligible for the government programs. Effect of Distribution You might be aware […]
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You might have heard about marital trust with the name of “A Trust.” So, what exactly is a marital trust? It is a type of Irrevocable Trust that holds the deceased spouse’s assets that transcend the amount that can be sheltered from death taxes. Let’s learn how marital trust works. The Purpose of a Marital
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The death of a loved one is one traumatic experience. Everyone connected with the person has to suffer the loss of life, grief, and confusion about carrying on with their lives. The especially applies to situations when there has been a sudden or accidental death. Friend and family are just met with a shock, but
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People of all ages, who have some assets to their name, should consider will planning. Will planning should especially be important to people over sixty years of age. Wills are crafted to resolve the potential disputes that are expected to occur after the demise of a person. However, there are instances when will planning ends
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Market value and tax laws are the things that never stay consistent. Hence, you also need to be prepared to amend your estate plan according to the variations. Talking specifically about the COVID era, we have experienced and are still experiencing uncertainty in politics and markets. To help you with the current circumstances, this article
How to Create an Estate Plan that can be Quickly Modified Read More »
Pets have their special place in households. We cherish their love and companionship. However, there are some animals that become more than pets. Let’s take the example of horses. They are a lot more than just being loving members of the family. Horses are a valuable investment who become your companion in exercise, assist in
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Special Needs Trust, which is also sometimes referred to as Supplemental Needs Trust, has gained substantial popularity among the masses. What is this fund designed for? Well, a Special Needs Trust intends to protect a person’s assets with special needs while supplementing any benefits they can receive from the government. Many people are aware of
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Selecting the right trustee to look after your estate forms a significant part of ensuring that your estate is settled the way you want it to and your assets are distributed according to your wishes. You ought to put a great deal of thought into selecting the trustee to safeguard your estate. The trustee can
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The recent Texas case of Marshall v. Marshall has various lessons to tell. Want to know what the case is about? Here you go. The case was initiated by the beneficiary against a trustee along with five co-trustees of two trusts. The beneficiary claimed that they had breached fiduciary duties. Following the initial lawsuit, the
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Transfer on death accounts designate the beneficiary recipients who would receive the assets after the death of the real account holder. Once the transfer on death account is created, the assets pass on directly to the assigned beneficiaries as the owner passes away. Transfer on death accounts helps avoid probate, but they must be coordinated
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