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Trusts Archives

What is an irrevocable trust?

When creating an estate plan, it's imperative to understand the finer details of each strategy. Although you may not use every tactic available to you, it's a good idea to consider each and every one.

The complexities of trust administration

A growing number of people are creating a trust, as opposed to a will, as they consider what's best for them from an estate planning perspective. While this is a great idea on many fronts, it's important to note that trust administration laws are extremely complex.

How pet trusts allow you to leave your best friend in good hands - II

In our last post, we discussed how pet owners who consider their dogs, cats or other creatures to be members of the family naturally want to do everything in their power to ensure that they receive the necessary love and care, especially in the event of their sudden demise or incapacity.

How pet trusts allow you to leave your best friend in good hands

If you were to ask a random sampling of pet owners as to whether they consider their dogs, cats or other creatures with which they share their homes to be part of the family, chances are very good the majority of these pet owners would answer a resounding "yes."

Is a trust right for my situation?

In our last post, we spent some time discussing how those who enable their loved ones to inherit valuable assets upon their passing -- real estate, stocks, etc. -- will ensure that they secure what is known as a step-up in basis, meaning an avenue through which to escape rather costly capital gains taxes.

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