2021 is about to end, and we are still impacted by challenges that have emerged from the COVID-19 pandemic. One of the critical aspects of daily living that people have learned from the pandemic is the significance of asset protection. To help you in this regard, private placement life insurance allows individuals to allocate alternative […]
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Gun trust is not a topic people often talk about, but it is high time we actually start talking about it. While it is true that a large percentage of people who actually have sizable guns are usually hunters and gun enthusiasts, but these are not the only people who possess a fairly large collection
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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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The name itself might appear strange to you but the concept is great. So, what is a Crummey trust? Keep reading the article to know about it. Did you know that a person can gift up to $14,000 in a year without incurring any gift tax liability? Well, that’s true but there are some limitations.
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While it is a difficult topic to talk about and even thinking about it might get you in tears. A serious illness, and especially one that could lead to death, is worth planning about. If you are planning to leave your assets to your heirs, such illnesses can come in the way and cause substantial
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Do you have questions about putting real estate in trust? Well, this interesting case of Maxey v. Maxey will answer them for you. What is Maxey v. Maxey About? This is a Texas appellate case about a dispute between two sisters who couldn’t reach an agreement on dividing property among different trusts. The sisters then
Maxey v. Maxey – 3 Takeaways about Putting Real Estate in Trust Read More »
Your estate planning advisor needs to know the crucial details about your case to formulate the best possible estate plan. Also, you ought to be straight away honest with your advisor. If you’re not honest with your estate planning advisor, you will have to face some serious complications or can even make the advisor start
How Much Should You Disclose to Your Estate Planning Advisor? Read More »