Trusts are a crucial estate planning tool that allows individuals to protect and preserve their wealth so that it can be passed onto the next generation. Individual retirement accounts (IRAs) can also be used to grow assets without income tax… Read More
Posts Tagged ‘Trusts’
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4 Mistakes to Avoid When Gifting Assets
Every person wants to make sure that their assets are passed on to their loved ones after death. However, gifting assets is not as simple as you may initially think. You need to be strategic when leaving behind money, property,… Read More
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The Appeal of Life Insurance Trusts
If you carry a life insurance policy, it will be considered an investment and an asset and be included in your estate after your death. Because of this, the proceeds from that life insurance – the death benefit – can… Read More
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4 Things to Know Before Creating a Special Needs Trust
Raising children with special needs can be challenging, and one of the ways you may find yourself challenged is by caring for them after your death. One way to ease your anxieties is to create a special needs trust. This… Read More
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Debunking Common Estate Planning Myths
There are numerous misconceptions out there about the law and, of course, many myths related to estate planning. Some of these misconceptions may be discouraging you from seeking the help of an estate planning lawyer or planning your estate, to… Read More
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How Does Your Life Insurance Trust Work?
As you begin estate planning, you may start considering a life insurance trust. This kind of trust can help you protect your assets and guarantee that your wishes for them are honored. This trust owns your life insurance policy, and… Read More
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How Adding a Trust Can Strengthen Your Estate Plan
Putting together an estate plan and understanding the differences between wills, trusts, powers of attorney, and more can be challenging. Fortunately, your estate planning lawyer at The Millman Law Group can help you navigate this process. One of the advantages… Read More
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Estate Planning Considerations for New Parents
Becoming a new parent is an exciting time in your life. However, while you are making adjustments in your life to accommodate your newborn and the care and space they need, you shouldn’t forget to consider your estate plan. While… Read More
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Why Legal Trusts Are Recommended For All Families
Many people think of legal trusts as something extremely wealthy families use to pass on inheritances to their heirs. However, most families with any assets can benefit from a trust. Trusts are a tool for protecting property and assets. They… Read More
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What’s SO Terrific About Hiring a Trust Planning Attorney?
It’s a terrific idea to hire a trust planning attorney because you’ll be working alongside a professional. When you work alongside a professional in any capacity, it makes life more convenient. However, understanding the ins and outs of estate and… Read More