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How Can You Get Information About a Trust If You Are a Beneficiary?
How Can You Get Information About a Trust If You Are a Beneficiary?
If you are the beneficiary of a trust but lack critical details about the trust, most states have streamlined procedures in place that allow you to obtain information without the need for a full court proceeding. As a trust beneficiary, you are entitled by law to...
Mediation in Litigation
Mediation in Litigation
Litigation is usually thought of in very adversarial terms. The parties fight in court arguing for their position and there is an identifiable winner and loser. The traditional court setting does not necessarily lend itself to compromise or creative resolutions....
Generation-Skipping Transfer Tax (GST) – The Taxman Cometh and Keeps Coming!
Generation-Skipping Transfer Tax (GST) – The Taxman Cometh and Keeps Coming!
The generation-skipping transfer tax (GST) is perhaps one of the most confusing and least understood topics in estate planning. Many attorneys have only a limited understanding of how GST works beyond the basics. This is problematic because GST tax can have a...
What Is a Qualified Personal Residence Trust and How Can It Reduce Taxes?
What Is a Qualified Personal Residence Trust and How Can It Reduce Taxes?
A Qualified Personal Residence Trust (QPRT) is a specific type of irrevocable trust that in certain circumstances can reduce estate and gift taxes by transferring a residence to a trust. Importantly, it is a strategy that is meant to be deployed during your...
The Legalities of Parenting a Legal Adult
The Legalities of Parenting a Legal Adult
When your child reaches 18, you may not realize that not only do their legal rights change, but so do yours as the parent. Your child is now considered a legal adult with the same rights and responsibilities as you. That means you can no longer obtain personal...
Choosing Your Own Ending: Legal Protections for End-of-Life Decisions
Choosing Your Own Ending: Legal Protections for End-of-Life Decisions
Discussion around end-of-life choices is slowly entering the mainstream. This is not surprising when we have an aging population and healthcare advances that can prolong life for increasingly ill people who only a few years ago might have otherwise died. However,...