How Do Estate Plans and Trusts Work?
In this article, we will address two terms which some people use interchangeably, but which are very different things: living trusts and estate plans.
Ethan Huizenga July 25, 2022
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What Can I Do Instead of a Stretch IRA?
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
Ethan Huizenga April 13, 2022
What Is the HEMS Standard?
The ‘HEMS’ (health, education, maintenance, support) standard in estate planning is used to guide trustees in how/when they should release funds to a beneficiary.
Ethan Huizenga February 25, 2022
Can You Remove Someone from a Life Estate?
Life estates can provide effective means to create joint ownership of property, avoid probate and transfer property after death without incurring gift taxes.
Ethan Huizenga February 10, 2022
Does a TOD Supersede a Trust?
Both help you pass down assets, while avoiding the time and expense of probate. However, one has much more flexibility than the other.
Ethan Huizenga January 31, 2022
Do You Need a Revocable or Irrevocable Trust?
On the surface, the difference between revocable and irrevocable trusts couldn’t be any more straightforward. You can change your revocable trust whenever and however you choose. You can’t change your irrevocable trust at all.
Ethan Huizenga December 21, 2021
The Advantages and Disadvantages of a Trust
What are the advantages of putting assets into a trust?
Ethan Huizenga April 14, 2021
Why Would I Need a Living Trust?
Have you made any plans to distribute your assets and take care of your family, when you die or become incapacitated?
Ethan Huizenga April 6, 2021
Why Trusts Make Sense
Done right by a lawyer, your heirs can avoid the expense and time of probating your will and may save on estate taxes, while easing the administration of your affairs while alive and after you have gone.
Ethan Huizenga January 14, 2021
What are the Responsibilities of a Trustee?
A trustee is a manager of assets in a trust. The grantor creates the trust and appoints the trustee. A trustee has a ‘fiduciary duty’ to serve the grantor and not benefit personally.
Ethan Huizenga November 23, 2020
