Tag: trust
A common tool used by many of our estate planning clients is the use of a trust to protect a loved one’s inheritance. Where a trust is established, the inheritance is retained in trust for the benefit of a designated beneficiary, rather than distributed to…
An irrevocable life insurance trust (or “ILIT”) can be a critical component of estate planning for certain clients. Typically, the client who might benefit from an ILIT is the client who anticipates exposure to estate tax. At present, this includes DC clients who have more…
When we navigate estate planning documents with our clients, there is a dizzying array of roles and positions within the documents. With the Academy Awards just last weekend and movies on our mind, we present the Estate Planning Cast of Characters, our handy reference guide…
Cinema and television love to dramatize death. And what could be more dramatic than feuding family members sitting in suspense around a lawyer’s conference table about to learn the contents of the Will of the dearly departed? The Will is read out loud and all would learn…
For many of our probate clients administering the post-death affairs of a loved one, the most vexing issue can be retitling or the disposition of a car. What complicates the post-death disposition of a vehicle? Ownership of your car passes by title. Many couples only…
Our estate attorneys frequently receive calls from clients who want to organize their parent’s estate. As they acknowledge their parent’s aging, they want to understand how they can strategize in advance to ease its administration in the future. Unfortunately, our estate attorneys also frequently encounter clients…
