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There are many people who mistakenly believe that a will and a trust are legal documents that can be used interchangeably. The reality is, however, that these two documents are unique and accomplish certain goals. With the guidance of our estate planning attorneys, you will learn more about how and when to use each type of document. What is a...

Preventing a will conflict and preserving peace and harmony in the family during the estate planning process requires careful consideration and proactive measures. Here are some tips to help achieve these goals: Start the conversation early: Initiate discussions about your estate plan and intentions with your family members as early as possible. By addressing the topic openly and honestly, you...

An accumulation trust, also known as an accumulation and maintenance trust, is a type of trust established for the benefit of beneficiaries who are not yet ready to receive their inheritance outright. The primary purpose of an accumulation trust is to preserve and accumulate assets for the long-term benefit of the beneficiaries. In an accumulation trust, the income generated by...

A trustee of a revocable living trust is responsible for managing and administering the trust assets during the lifetime of the grantor (the person who created the trust). The trustee is typically appointed by the grantor and can be an individual, a corporation, or a combination of both. The trustee has a fiduciary duty to act in the best interests...

Hiring an estate planner is an important decision as you are seeking advice on how to protect your loved ones once you are gone. For this reason, it is critical to hire an attorney with good knowledge of estate planning and how to use the tools available to create the best plan for your particular needs. Be sure to ask...

Estate planning is an important step for anyone, regardless of age. However, it can be especially important for young adults to start thinking about it early on. Estate planning allows you to make decisions about what will happen to your assets, property, and dependents in the event of your death or incapacitation. It can also help you plan for future...