Ideally, your estate plan should accomplish numerous inter-related goals that go beyond simply planning for the disposition of your estate assets after you are gone. For example, a comprehensive estate plan should also protect you, and your assets, in the event of incapacity while you are alive. The living trust lawyers at Augulis Law Firm explain why a living trust often makes an ideal incapacity planning tool. I’m Too Young to Worry about Incapacity This is a common, yet mistaken, … [Read more...] about What Is the Best Way to Plan for Incapacity?
As you may already know, a Last Will and Testament is not the only estate planning tool available for gifting assets to loved ones or other beneficiaries. Many people choose to use a living trust in addition to, or in lieu of, a Will to pass down estate assets. One reason people often choose to use a trust to distribute assets is the ability to direct when assets are distributed and even how assets are used by the beneficiaries. The benefit you gain by being able to dictate how trust assets are … [Read more...] about Can a Beneficiary Sell Her Trust Benefits?