Tag Archives: Estate Planning

Oct 2015

How to Talk to Your Parents about Estate Planning

Estate Planning for Elderly Family Members

Whether you need to talk to your older parent or another elderly family member, speaking to a senior about the aging process and his or her long-term needs when it comes to estate planning can be a difficult subject to broach. No one wants to hear that they're getting older or facing the possibility of a loss of independence. Approaching these conversations with compassion and a clear plan can provide your loved one with the support and reassurance they need to face aging gracefully and confidently. (more…)
Apr 2014

The Irrevocable Trust: A Powerful Estate Planning Tool

Done right, irrevocable trusts are powerful estate and business planning tools that accomplish a variety of goals. But what are they, really? And once formed, are they well and truly irrevocable?

The Nuts and Bolts of the Irrevocable Trust

The first step in understanding irrevocable trusts is knowing what people mean when they refer to a trust – revocable or irrevocable. Some people have difficulty understanding trusts because a trust is not a tangible thing. You can't touch it or hold it. A trust is actually a legal entity that is controlled by a trust agreement, which is a written document setting forth all the terms of the trust, including how it is administrated. To understand how a trust works, it helps to think of the trust as a box. When someone creates a trust, he or she...