Estate Planning

What Do All Those Legal Words Mean?

2015-09-15T14:37:33-04:00

Lawyers often use words that are unfamiliar. What’s even worse is that often, legal terminology is not even consistent throughout the states. Additionally, a legal concept, such as “Homestead” can have several different meanings in different situations.   The area of Estate Planning is full of legal terms that you should know and understand. Let’s [...]

What Do All Those Legal Words Mean?2015-09-15T14:37:33-04:00

So, you want to leave assets to a minor child or grandchild? Make sure that you create a Trust so that you don’t trigger the need for a Guardianship.

2015-06-29T14:45:33-04:00

If the value of the assets that are left to a minor under the age of 18 exceeds $15,000.00, a Court-administered Guardianship will be required for the minor child.  This may happen inadvertently by designating a child as a contingent beneficiary on a life insurance policy or passing away without a Will.   Not only [...]

So, you want to leave assets to a minor child or grandchild? Make sure that you create a Trust so that you don’t trigger the need for a Guardianship.2015-06-29T14:45:33-04:00
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