Nov 3, 2014 | Estate Planning
A recent case involved a trust Settlor who made cash gifts to cover education expenses of her cousin’s grandson. The Settlor sent a written letter to her trustee confirming that she had paid such expenses for the past two years and that she “expected that” that the ...
Oct 10, 2014 | Estate Planning
Do you communicate with friends by email or texting? Do you review your bank accounts or brokerage assets online using personal passwords? Do you have a social or business networking account? Do you store personal photos on the internet in the “cloud”? Do you have...
Mar 17, 2014 | Estate Planning
College Education 529 plans have become popular tools to assist with the payment of college, and they are appropriate vehicles in the right situations. However, grandparents need to assess whether such plans are the right way for them to help their grandchildren with...
Mar 3, 2014 | Estate Planning
If you are a trustee of an irrevocable trust, you are required to prepare an annual trust accounting and provide copies of that trust accounting to all qualified beneficiaries of the trust. The definition of qualified beneficiary varies as to the type of trust...
Jun 13, 2013 | Estate Planning
Did you know that if you are the agent taking care of your Mom’s assets under a durable power of attorney that you must attempt to preserve her estate plan, to the extent actually known by you so long as that preservation is consistent with her best interests? In so...
