Trusts can be tremendously valuable tools in an estate plan, including protecting assets from extraneous court oversight. But a trust can only accomplish this intended goal if it is funded properly. What does this mean? Funding a trust involves transferring assets into the trust. The method of transfer differs depending on the type of asset,
Trusts are the most versatile tool estate planners use to help individuals and families prepare for the future. A trust can provide financial protection and allow for the effective administration of assets in a variety of different situations. At Blacksburg Law, we create trusts tailored to accomplish specific goals, and we work to ensure
We’ve gotten comfortable with blended families since The Brady Bunch. And, Americans’ attitudes of divorce have moved from Kramer vs. Kramer to Modern Family. And yet, when it comes to estate planning, folks tend to be stuck in an all or nothing planning scenario. Estate planning is not a one-size-fits-all endeavor; it’s a deeply personal
When deciding how to distribute assets to loved ones after your death, you may have assumed that you would use a will. However, many estate planning attorneys recommend creating a revocable living trust instead. In this post, we will explore the advantages this type of trust can provide for you and your loved ones. How
Estate planning encompasses the thoughtful deliberation of how your assets and properties will be allocated once you’re no longer here. In the absence of a well-structured estate plan, your estate might undergo probate, which can lead to unwelcome delays, avoidable costs, and potential conflicts among your beneficiaries. Recognizing the significance of estate planning is an
