Estate planning is an essential process that ensures your assets are distributed according to your wishes and that your loved ones are cared for when you’re no longer around. A comprehensive estate plan includes several core components, each serving a… Read More
Posts Tagged ‘Trusts’
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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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How Do Dynasty Trusts Work for Beneficiaries?
A Dynasty Trust is an estate planning tool designed to provide financial security for multiple generations of your family. Unlike traditional trusts, which often have a set termination date, a Dynasty Trust can last for 1,000 years, offering long-term benefits… 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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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 Top Reasons to Have a Will
You probably know a Will declares who receives what part of your estate. You might not know that your Will can do so much more. If you have not yet created your Will as an adult, there are numerous reasons… 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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Is It Time to Update Your Florida Estate Plan?
An estate plan is designed to be able to change with you as your needs evolve or your family expands. Even if you believe your estate plan is set in stone, some event or circumstance may require you to update… Read More
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Should Spouses Have Joint or Separate Trusts?
Trusts are often a good idea if you want to devise a comprehensive, complete, concrete estate plan that provides your family maximum protection. However, when you are married, you sometimes need to look at things differently to ensure you set… Read More
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Estate Plan Tips: Setting Up a Trust Fund for Your Child
Setting up a trust fund for your child can be a significant way to help children when they are adults. However, in order for your trust to be effective, you must be careful and create a trust that prepares for… Read More