A spendthrift trust is an estate planning tool you can use to protect your heirs from creditors and help ensure their financial responsibility. At The Millman Law Group, our attorneys are prepared to help you understand the advantages of spendthrift… Read More
Posts Tagged ‘Trust administration’
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When Should You Use a Generation-Skipping Trust?
When designing an effective estate plan for your assets and your heirs, there are many trusts you can consider. Each trust is suitable for specific circumstances and desires of the individual and their family. One type of trust you may… Read More
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Creating a Trust: Mistakes Parents Should Avoid
As a parent, creating a trust for your children can be one of the best ways to ensure they are cared for in the future. However, trusts can be complicated tools, and mistakes can be made if you are not… Read More
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The Assets You Can Transfer Into a Trust
If you have created a living trust, you’ve taken a crucial step in protecting assets and providing for your loved ones when you’re gone. However, for the trust to work how you want it to, you must be smart about… Read More
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What an Estate Planning Attorney Does For You
If you don’t yet have an estate planning attorney, it may be because you don’t understand the many ways this professional is prepared to make life easier for you. Creating an estate plan and later administering it can be challenging…. Read More
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The Top 5 Trustee Duties
Legal trusts can be difficult for the average person to understand. But no matter what type of trust your estate or your family member’s estate uses, the essentials remain the same. A trust is a legal entity established by a… Read More
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3 Reasons to Work With an Estate Planning Attorney Experienced With Trusts
When creating a comprehensive estate plan, you should include a trust to ensure the smoothest experience for your heirs. Any qualified estate planning attorney will encourage you to use trusts as part of your estate plan for several reasons. At… Read More
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Why Trusts Are Beneficial for All Estate Sizes
Many people who are first exploring the estate planning process believe that trusts are only for those with a large estate and many assets. While a trust can benefit large estates, the truth is that trusts are beneficial for all… Read More
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The Advantages of Using a Professional Trustee
Adding trusts to your estate plan can protect your assets and prevent complicated probate procedures. When you incorporate a trust into your estate plan, you must appoint a trustee to administer and manage the trust. While many people first consider… Read More
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Mistakes to Avoid During Trust Administration
Trusts are popular additions to many estate plans. Trusts can often be used instead of or in addition to a will to distribute assets and wealth efficiently. When a trust is used, the creator of that trust is required to… Read More