This type of trust can be established to benefit your spouse, children, grandchildren and other descendants. However, it may be more appropriate in some situations than others. Getting to know the details of what an IDGT is and how it works can help you decide if it makes sense for you.
How Can You Disinherit Someone and Be Sure it Sticks?
Parents may delay creating an elder law estate plan, because of the in-law issue. Some parents are unfortunately estranged from an adult child, only because of the problematic son-in-law or daughter-in-law.
Is a Life Insurance Policy Beneficiary Required to Pay for a Funeral?
More and more often, estate beneficiaries are retaining their own attorneys to make sure that the executor properly administers the estate.
Do I Need a Medigap Insurance Policy?
While Medigap policies are standardized, regardless of which insurance company sells them and where you live, the premiums can vary from insurer to insurer and among locations. Experts say that this makes it important to understand the differences you may see, when evaluating your options.
Why You Need a Pet Trust During the Pandemic
Eighty-five million families in the United States own at least one pet. That’s 68% of the population. How many of those owners have a plan for what would happen to their pet, if they themselves met with a crisis, had a lengthy hospitalization, or died?
What’s the Best Way to Make a Life Insurance Claim?
There might be a time in your life when someone you know pulls you aside at a family gathering and says that you’re the designated beneficiary of their life insurance policy.
How Should I Take My Pension?
If you’re leaning toward choosing guaranteed lifetime income by remaining in the plan instead of taking the lump-sum offer, be sure you have confidence in your employer’s long-term viability.
How Do I Avoid the Three Biggest Estate Planning Mistakes?
Planning for death is like any other transition of life, except this is one we can make easier for our loved ones. Don’t let the process of settling your estate, a process commonly known as probate, get in their way — and cost them more money.
Will There be a Will Contest Regarding Carole Baskin’s Long-Missing Husband?
A county sheriff in Florida is declaring that the will of Don Lewis — Carole Baskin’s long-missing husband — was forged.
What You Should Know about a Constructive Trust
A constructive trust isn’t a trust in the traditional sense. For example, if you were creating a revocable living trust there are certain steps you’d need to take, including drawing up the trust document, naming a trustee, choosing beneficiaries and transferring property or other assets to the trust. This type of trust could be used to manage your assets during your lifetime and beyond, on behalf of your beneficiaries.