Monthly Archives: April 2019

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Does a Trust Eliminate the Need for a Will?

April 27th, 2019 (No Comments)

            An effective estate plan will be multifunctional and flexible enough to adapt to unknown future events. A good way of creating a flexible estate plan is through the use of a trust. However, that begs the question: if I have a trust, do I still need a will? To understand the answer to this […]

What is Guardianship and When is it Necessary?

April 23rd, 2019 (No Comments)

            A guardianship is when the court adjudicates an individual incompetent and appoints another individual to act on their behalf for legal and financial, or healthcare purposes—or both. The individual bringing the petition is called the “petitioner”. The individual whom the petitioner is attempting to obtain guardianship over, is the “respondent”. If the respondent is […]

How Do You Challenge a Will?

April 13th, 2019 (No Comments)

                 Let’s say that a loved one has passed, and a family member is submitting their will for probate. The only issue is you don’t think that the will is valid. Maybe your loved one was incompetent when they signed the will. Maybe the will being submitted was […]

Preventing Exploitation

April 7th, 2019 (No Comments)

Preface Below is a sneak peek look at a larger project I am conducting regarding elder exploitation. Stay tuned for much more information and enjoy the article below. Introduction In 2017, a white paper was released by the U.S. Security and Exchange Commission. This paper looked at the prevalence of elder exploitation in the United […]

Do I Have to Pay Tax on the Home I Inherited?

April 6th, 2019 (No Comments)

A concern for many individuals who inherit real property is whether they are inheriting an asset or a money pit. There are a number of factors that play into whether inheriting a home is going to be worth the hassle. One of the big questions that clients frequently raise is whether their tax bill is […]

How to Put Property into a Trust

April 6th, 2019 (No Comments)

So, you went to your lawyer and had her draft you a shiny new trust. What now? Now you need to put your assets into the trust. This is also known as funding the trust. So, how do you do that? Well, the answer, similar to any other answer you’ll get from a lawyer, is: […]

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