The Revocable Trust as an Estate Planning Tool

April 2017

A revocable trust is typically viewed as an alternative to a traditional Last Will and Testament. A revocable trust is also referred to as a “Living Trust” or an “Intervivos Trust” and can be particularly attractive to those seeking to avoid probate. The process entails creating a legal document whereby a trust is established. The… Read more >

The Interplay Between a Will and the Probate Process

April 2017

Many people believe that if they have a Will, their estate will avoid probate – and this is not true.  A Will does not automatically make probate unnecessary, but it does make the process easier. Probate is the process of transferring a deceased person’s “probate property” using the court system.  Probate property includes, but is… Read more >

So You Want Your Child to Have the Family Home…

April 2017

Scenario: Adult child lives with parent.  Maybe this is for financial reasons, or perhaps the child is acting as caretaker. The parent wants this child, (Child 1), to have the home at the time of parent’s death – it seems to be a common theme. However, if proper planning isn’t done, it’s very unlikely that… Read more >

Spring: Let’s Plant & Cultivate Our Legacy

March 2017

I’ve never been accused of being a green thumb, but it seems to me that planning a flower garden involves certain steps that are analogous to charitable planning. First, you gather the best soil. After that, you should probably scout the right location, decide on your flowers, and then finally pick the right time for… Read more >

Cabin Succession Planning for Your Family

March 2017

Planning for the succession of your cherished family cabin is a crucial component of your overall estate planning. People often see it as a daunting task, and as such, may be reluctant to address difficult inter-family situations. In our experience, refusing to address the issue can result in a mess for the family to untangle…. Read more >