Monthly Archives: October 2024
Trusts: Key Terms to Understand
All adults should be thinking about estate planning. While common myths suggest that estate planning is only for older adults or adults with chronic and serious illnesses, estate planning is crucial for many reasons. Trusts are one type of tool in the estate planning process. Although establishing a trust might not be appropriate for… Read More »
What is a QTIP Trust?
If you are married and have not yet worked with an estate planning lawyer to write a will, to create advance directives, and to consider the value of a trust, you might want to consider a qualified terminable interest property (QTIP) trust. This is one of many types of trusts that a person can… Read More »
How Does a Living Will Work?
For anyone considering estate planning for themselves, or hoping to help an elderly parent with elements of estate planning, advance directives are essential to consider. Advance directives are different types of documents that ultimately allow a person to have a say in their own medical decisions or health care proceedings even if they become… Read More »