Archive | Estates and Trusts

Estate Planning 101

May 23, 2014  |   Posted by :   |   Estates and Trusts   |   4,286 Comments

ESTATE PLANNING 101 Author: Attorney Paul Nowak  I. WHAT IS ESTATE PLANNING? A. DISPOSITION OF ASSETS B. SAVING TAXES C.OWNERSHIP OF ASSETS II. THE WILL – THE MAIN COMPONENT A. WHO GETS WHAT AND HOW 1. DIRECT BEQUEST OR IN TRUST 2. PERSONAL PROPERTY – HEIRLOOMS 3. CHARITIES B. APPOINTS FIDUCIARIES 1. EXECUTOR – DUTIES A. FUNERAL ARRANGENTS B. PAY DEBTS AND TAXES (PERSONAL LIABILITY) C. DISTRIBUTE...

Estate Planning for a Child with Special Needs

February 17, 2014  |   Posted by :   |   Estates and Trusts   |   5,562 Comments

ESTATE PLANNING FOR A CHILD WITH SPECIAL NEEDS Author: Attorney Wes Weigel It’s an unfortunate reality in today’s society that the majority of families raising children with special needs have not established Special Needs Trusts to preserve their children’s future eligibility for government benefits. Through the implementation of basic estate planning tactics, families can secure the future...