I received yet another call today from the daughter of a client for whom I drafted a trust. The daughter had an all-too-common question: Dad owned a car at his death. His daughter’s question was, “How do I transfer the car to my sister?” I asked if her father had the car titled in his… Read more »
Posts Categorized: Trusts & Estates
Why Would I Need a Trust?
The following is a list of questions to help determine if a Trust would be an effective tool to accomplish the desired objective. This list is not exhaustive. Trusts can be created for a variety of other purposes. In order to determine if a trust is indicated for you and your particular concern, contact the… Read more »
How to Use a Quiet Trust
One of the biggest concerns in estate planning is how to effectively and responsibly pass on wealth to the next generation. Many people are concerned that if their loved ones know what kind of wealth they will be inheriting it would discourage them from being successful on their own. As a result, many states… Read more »
Case Shows Importance of Proper Special Needs Trust
A recent court case in South Dakota reinforces the idea that a special needs trust must be created in the proper way in order to avoid issues regarding Social Security benefits. Although the parents of a disabled child meant well, the technicalities of special needs trust creation prevented them from providing the maximum benefits… Read more »