Were you recently notified that a family member or close friend named you as the Trustee of a trust? If so, and this is the first time you have served as a Trustee, you are probably feeling a little confused and somewhat intimidated by the prospect of administering the trust. While these feelings and concerns [ ] The post Do I Need a Trust Administration Lawyer? appeared first on Kulas Law Group.
Creating a comprehensive estate plan typically involves choosing a variety of different, yet inter-related, estate planning tools that help achieve the various estate planning goals. One of the most common of those tools is a trust. Though once used almost exclusively by wealthy families to pass down the family fortune without incurring a transfer tax, [ ] The post Can Trust Lawyers Act as My Trustee? appeared first on Kulas Law Group.
Although a Last Will and Testament remains the most common estate planning document, trust agreements have gained in popularity to the point where they are a close second. When a trust works as planned it can help to accomplish a wide range of estate planning goals. For that to occur, the Trustee must administer the [ ] The post Vero Beach Trust Administration Lawyer Explains How to Remove a Trustee appeared first on Kulas Law Group.
Like many people, you may equate the concept of estate planning with creating a plan for the distribution of your estate assets after your death to ensure that loved ones are provided for in when you are gone. This is certainly understandable as that is one of the primary functions of the average estate plan. [ ] The post Vero Beach Living Trust Lawyers How a Living Trust Can Help with Incapacity Planning appeared first on Kulas Law Group.
If you work hard throughout your lifetime, save frugally, and invest wisely, you undoubtedly want the assets you manage to accrue as a result to benefit your family, both over the course of your lifetime and when you are gone. Unfortunately, there are numerous ways in which that simple hope could go unfulfilled – particularly [ ] The post Vero Beach Living Trust Lawyers: Using a Trust to Keep Assets in the Family appeared first on Kulas Law Group.
If you’ve been designated to serve as the trustee for a living trust, it’s important to understand exactly what that job entails. After all, when the trust grantor passes away, it will fall to you to properly administer the trust to ensure that it objectives are met. In many instances, however, people agree to take [ ] The post Seven Steps to Trust Administration appeared first on Kulas Law Group.
Estate planning can be a complex process for many individuals and families, and many struggle with unusual challenges that prove difficult to resolve. Often, simple estate planning tools like a Last Will and Testament are insufficient to meet those challenges, and that’s when many people turn to living trusts to meet their needs. In most [ ] The post Could an Irrevocable Trust Solve Your Estate Planning Problems? appeared first on Kulas Law Group.