Tag Archives: Outdated Documents

The Importance of Funding Your Trust

> It is important to revisit your estate plan from time to time to ensure that it accurately reflects your wishes for your family and assets.   > An unfunded Trust fails to take advantage of one of the greatest … more

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Year-End Estate Planning To-Do List

> Familiarity with the terms of your documents is an essential part of having an up-to-date estate plan.   > If you do not have an estate plan in place, the end of the year is an ideal time to … more

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Lamar, Khloe & the Urgency of Estate Planning

> Estate planning documents should be reviewed or prepared immediately upon consideration of divorce or any other significant life event. > Divorce does not affect estate planning documents upon filing, only when the divorce is final. > With proper planning, … more

Posted in Uncategorized | Tagged , , , , | Leave a comment

Spectrum of Withdrawal Limitations

> Trusts allow for withdrawal limitations ranging from common to creative. > Overly-specific requirements may burden the family and trustee and be struck down if they violate public policy. > Understanding and anticipating the practical administration of the estate prior … more

Posted in Uncategorized | Tagged , , , , , | Leave a comment

The Death of Whitney’s Daughter

> Outdated estate planning documents can be as dangerous as not having an estate plan at all. > A proper estate plan should provide significant asset protection and oversight for your beneficiaries. > A change in your family or financial … more

Posted in Uncategorized | Tagged , , , , | Leave a comment

Flaws in Drafting Can Be Very Expensive—Herbert’s Story

This is the story of a man named Herbert who made one crucial mistake in his estate planning.1 Although Herbert is the main character of the story, it is his surviving family members who are left to clean up the … more

Posted in Uncategorized | Tagged , , , , | Leave a comment

Resolve to Plan Like Joan Rivers

POWER POINTS + Though her death was unexpected, Joan Rivers was prepared and took the responsible step of having a current estate plan. + Your estate plan can include your wishes for your health, assets, funeral or burial, loved ones … more

Posted in Uncategorized | Tagged , | Leave a comment

Robin Williams Understood the Importance of Estate Planning

POWER POINTS + Your estate plan can remain private and avoid court involvement when drafted and maintained properly. + Have an ongoing relationship with your advisor; a proper estate plan is not something you should stick in the closet and … more

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Choosing the Right Trustee for You and Your Family

POWER POINTS + Your choice of trustee can be the most important factor in efficient administration, conflict avoidance and asset protection. + It is important to understand the powers and responsibilities of the trustee, particularly as they relate to unexpected … more

Posted in Uncategorized | Tagged , , | Leave a comment

The Costs of Procrastinating on Your Estate Planning

POWER POINTS: Estate planning encompasses more than just taxes and asset distribution. Failing to make your wishes known through legal documents increases the likelihood of unnecessary family conflict, costs and delays. Having a proper estate plan ensures efficient estate administration. … more

Posted in Uncategorized | Tagged , , , , , | Leave a comment