Creating a trust can be one of the most powerful steps in an estate plan. Trusts offer unique benefits, such as protecting assets, ensuring smooth inheritance processes, and providing for loved ones over time. But when is the right time… Read More
Posts Tagged ‘Trust administration’
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Create a Trust in 10 Steps
Helping your aging parents create a trust is an essential step in protecting their assets and ensuring their wishes are honored. Trusts are highly effective estate planning tools, which is why your estate planning lawyer at The Millman Law Group… Read More
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What Assets Should You Include in a Revocable Living Trust?
A revocable living trust is an estate planning tool created to help you protect your assets during your lifetime. After death, it makes it easy to pass down your assets without issue. The primary benefit is that trusts allow you… Read More
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Can You Plan for Pet Care After Your Death?
Estate planning is not just about taking care of your human loved ones; it’s also about ensuring that your pets are well cared for after you’re gone. Pets are family, and planning for their future is essential to creating a… Read More
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Can Estate Planning Documents Expire?
When creating an estate plan, people often wonder if their documents can expire. Can your will expire? How about trusts? Your Millman Law Group attorney can guide you through your estate planning questions. The truth is that while your estate… Read More
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The Top Mistakes Parents Make When Setting Up a Trust Fund
Establishing a Trust Fund for your child can be an excellent way to guarantee that your child receives financial support after your death or during important times of their life. Trust Funds allow parents to decide how much to leave… Read More
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How Families Use Dynasty Trusts
A dynasty trust is a type of irrevocable trust explicitly created to pass wealth down from generation to generation without incurring unpleasant estate taxes. This type of trust is designed to avoid the generation-skipping transfer tax, allowing your family wealth… Read More
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The Role of a Trustee: Answering Your Questions
While you may be familiar with the role of a Trustee and its importance to your estate, you may need to understand what that role fully entails. If you comprehend what is expected of a Trustee, you can more easily… Read More
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The Top Reasons You Need a Probate Lawyer
Probate is the process by which individual estates get settled after someone dies. This process occurs within the courts, so legal jargon and documents are often a standard part of probate. When creating a will and choosing beneficiaries, individuals can… Read More
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How Can I Encourage the Smart Use of Trust Inheritances?
Creating a successful estate plan that accomplishes all of your goals for your family means using various interconnected estate planning tools and strategies. Your estate planning attorney at The Millman Law Group will guide you through the numerous options available… Read More