Your life isn’t static, therefore your game plans for your assets, responsibilities and sense of legacy gifting isn’t static. And with shifting game plans, estate planning attorneys recommend that clients review their plans periodically to see if adjustments need to be made. Can those adjustments include the terms of a trust? Can you remove property
Now that we are past the New Year’s resolutions involving visits to the gym and healthy food consumption, it is a good idea to make a resolution that will be easier to fulfill and arguably provide benefits that are just as important. Schedule a time to review and update your estate plan. While it is
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