Why You Should Protect Your Separate Assets When Getting Remarried
If you are getting married for a second time, you may both be bringing sizable assets and debt into the marriage. You may also have children from a prior relationship. These circumstances can raise significant financial issues and conflicts in marriage. That’s why...
Do You Need a Postnuptial Agreement?
Most people have heard of a prenuptial agreement, but postnuptial agreements are less well-known. Postnups address many of the same issues as prenups. They both allow couples to determine how they will deal with financial issues during marriage and in the event of...
Why You Should Start Medicaid Planning in Your 30s
A common misconception is that you don’t have to think about long-term care issues until you’re in your retirement years. However, starting Medicaid planning in your 30s offers significant benefits and no downside. The same tactics that protect assets for long-term...
Should Your Children Be Trustees of Their Own Trusts?
It’s not unusual for parents to create a trust and make their adult children (or grandchildren) both the beneficiaries and trustees of their own trusts. That option may be fine legally and offer several advantages. However, it can also cause significant problems if...
How Should You Terminate Your Trust?
You have decided to create a trust to protect your assets for your heirs. However, you also need to consider when and how you should terminate your trust, including what happens to any assets still in the trust when it ends. Resolving these issues can be difficult...
Four Issues to Consider in Structuring a Trust
Trusts are popular estate planning tools because of their many benefits, but they aren’t appropriate for every situation. Even if a trust is right for you, how you structure the trust can have a significant impact on how well it will help you achieve your...