A will is one of the most well know legal tools to manage a person’s final affairs and estate after death. At best, a will is quite simple; it is a written document that effectively provides the instructions and ground rules as to how a...
What is inheritance law?Inheritance law involves the rules governing how property will be passed along from a decedent (a person who has died) to survivors (persons selected by the decedent to receive their property upon death). Inheritance laws not only state what is required for...
Like a will, a codicil to a will is a testamentary instrument, included after the initial will is executed. Essentially, writing a codicil to a will alters or expands the provisions in a previous will.Codicils are often used to account for changes among will heirs...
A Living Trust is a revocable plan that contains your personalized special instructions for your own care and the care of your loved ones. A Living Trust is used as a vehicle to save money, create stability for your family and avoid the time and...
Tax considerations often guide the decision on whether or not to place assets in trust, and to the type of trust format used. Particularly, aspects of grantor trust taxation guide these considerations. Certain types of trust structures offer comparatively favorable grantor trust tax treatment for...
