Estate and Trust Administration

Use Your Will to Dictate How to Pay Your Debts

Posted on: November 3rd, 2017
The main purpose of a will is to direct where your assets will go after you die, but it can also be used to instruct your heirs how to pay your debts....

Revoking a Power of Attorney

Posted on: August 29th, 2016
If for any reason, you become unhappy with the person you have appointed to make decisions for you under a durable power of attorney, you may revoke the power of attorney at any time. There are a few steps you should take to ensure the document is properly revoked....

Beware: Your Estate May Contain an Unnecessary Bypass Trust

Posted on: June 1st, 2016
A once-popular estate planning tool may now cost families more in taxes than it saves. Changes in the estate tax have made the "bypass trust" a less appealing option for many families. If your estate plan includes one, you should reconsider its necessity because it could be doing more harm than good....

How to Choose a Trustee

Posted on: December 5th, 2015
If you create a trust, you will need a separate person or institution, called a "trustee," to manage the trust either now or in the future, depending on the type of trust. ...

Incentive Trusts: Ensuring That an Inheritance Will Be Well Spent

Posted on: October 5th, 2015
Many parents or grandparents with sizable amounts of money to pass on to their heirs are apprehensive about the effect it many have on their children or grandchildren. In some instances, they fear that the recipients will misspend the funds on drugs, fancy cars or failing businesses. In other cases, the fear is simply that their children will lose their drive to achieve and overcome barriers that may present themselves if there's no financial necessity to do so....

Woman's Efforts to Change Will Without Professional Assistance Backfire

Posted on: October 3rd, 2015
Just as making a will without the help of a qualified attorney can be dangerous, trying to change an existing will on your own can fail as well. A recent court decision in Minnesota serves as a cautionary reminder to anyone thinking of altering their estate plan on their own. ...
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