Trusts have many uses. Perhaps the most important is that they can provide privacy at death. Garry Shandling is thought to have used a trust to provide privacy for those he left behind.Trusts for Privacy … [Read more...]
Estate Planning is for You, Not Just Your Parents or Grandparents
If you’re young and unmarried, do you really need an estate plan? The answer is “yes,” if you care what happens to you and your stuff. Read on to find out how an estate plan can help someone who is young and unmarried.Estate Planning is for You, Not Just Your Parents or Grandparents … [Read more...]
Planning for Step-Children
If your spouse has biological children, you may consider them your own. But, if you haven’t adopted them, they have no inheritance rights. This article looks at how to plan for step-children.Planning for Step-Children … [Read more...]
Benefits of Probate Avoidance Planning
Probate avoidance planning is something not many people have heard of, but about which everyone should be aware. If you do not take steps to avoid the probate process, your assets will almost assuredly transfer through through probate after you pass away. There are significant downsides to your money and property being transferred through probate, which is why it can be smart to take steps to ensure this doesn't happen.Parman & Easterday can assist you with taking steps to ensure your … [Read more...]
Disinheritance
Each of us will die eventually. This article looks at how planning can make your passing easier for those whom you leave behind. Specifically, this article will look at how you can disinherit someone with the least disruption to the family.Disinheritance … [Read more...]
Can I Reject an Inheritance Someone Left Me?
When a loved one passes away, the survivors typically say very little out loud about how the decedent’s estate assets are to be distributed. The reality, however, is that the assets of a decedent must be passed down to the beneficiaries and/or heirs of the estate pursuant to the decedent’s Will or trust or using the state’s intestate succession laws. If you recently lost someone close to you, there is a good chance that the decedent left you an inheritance. What do you do if you don’t want that … [Read more...]
The Importance of Communicating Your Plans
Each of us will die eventually. This article looks at how planning can make your passing easier for those whom you leave behind. Specifically, this article will look at the importance of communicating your plans with your loved ones to avoid disputes after your death.The Importance of Communicating Your Plans … [Read more...]
What Does It Mean If a Fiduciary Engages in Self-Dealing?
Throughout your estate plan, you will likely nominate or appoint several people or agencies to fiduciary positions. A fiduciary position is a position of trust, meaning you should take as much time as is necessary contemplating your choice before deciding who the best person (or entity) is for the position. One way a fiduciary can breach the duty of trust imposed on him/her is by engaging in self-dealing. To ensure that you understand the importance of a fiduciary’s role in your estate plan, an … [Read more...]
Your Planning Can Help Your Loved Ones
Each of us will die eventually. This article looks at how planning can make your passing easier for your loved ones. Specifically, this article will look at the importance of the manner in which assets are left for your loved ones.Your Planning Can Help Your Loved Ones … [Read more...]
Planning is Critical
It’s important to have a plan. If you don’t have a plan, your state law dictates who gets your property and makes decisions for you. Read on to learn more about a heart-breaking story of someone who didn’t plan and the consequences.Planning is Critical … [Read more...]
