Living Trusts Created Prior to 2011. Is My A/B Trust Obsolete?

Is My A/B Trust Obsolete? A revocable living trust is a valuable tool to protect and preserve your assets both for you, your children and future generations.  A living trust can help you avoid the unnecessary costs and delays associated with Probate and can help you minimize or avoid estate and inheritance taxes. Like any […]

The post Living Trusts Created Prior to 2011. Is My A/B Trust Obsolete? appeared first on AmeriEstate Legal Plan, Inc..

Advertisements

Top 5 Mistakes When Naming Beneficiaries of Insurance Policies

Protecting Your Goals and Your Loved Ones Naming beneficiaries of an insurance policy seems likes an easy thing to do. If a person is married, the spouse is the beneficiary. The children are often named the contingent beneficiaries. If a person is not married but has children, the children are often named as first beneficiaries. […]

The post Top 5 Mistakes When Naming Beneficiaries of Insurance Policies appeared first on AmeriEstate Legal Plan, Inc..

What is Reasonable Compensation for a Trustee to Settle a Trust Estate?

In most cases the language in a Trust simply states that the Trustee shall be entitled to “Reasonable Compensation” without stating a specific dollar or percentage. All of the following factors shall be considered in determining reasonableness of compensation: The degree of difficulty and novelty of the tasks required of the Trustee. The responsibilities and […]

The post What is Reasonable Compensation for a Trustee to Settle a Trust Estate? appeared first on AmeriEstate Legal Plan, Inc..

What is Reasonable Compensation for a Trustee to Settle a Trust Estate?

In most cases the language in a Trust simply states that the Trustee shall be entitled to “Reasonable Compensation” without stating a specific dollar or percentage. All of the following factors shall be considered in determining reasonableness of compensation: The degree of difficulty and novelty of the tasks required of the Trustee. The responsibilities and […]

The post What is Reasonable Compensation for a Trustee to Settle a Trust Estate? appeared first on AmeriEstate Legal Plan, Inc..

Challenges Facing Aging Family Members

As our senior population grows older they face unique and complex challenges. Fear of losing control and doubt concerning the ability to pay for assistance with common daily needs can result in dangerous isolation for our seniors. It can also leave family members scrambling to provide help without any clear idea of the type of […]

The post Challenges Facing Aging Family Members appeared first on AmeriEstate Legal Plan, Inc..

Should You Distribute Your Estate Equally Among Children in Unequal Circumstances?

Sample Case Study: Client in their mid 80’s with an estate of approximately $9,000,000. Children are three daughters in their early 60’s. Two of the three daughters have received substantial help (+/- $500,000 from the parents over the past 30 years). The third daughter has received little or no help as she has been financially […]

The post Should You Distribute Your Estate Equally Among Children in Unequal Circumstances? appeared first on AmeriEstate Legal Plan, Inc..

Advanced Estate Planning Information For Caregivers And Surviving Spouses

Do You Have a List of All the Things You Own and Owe? Only you and your spouse typically know where information about all your banking, bills, accounts, doctors, debts, etc. is located. By listing the details of your life, such as property, personal information and finances on one document, you can greatly assist those […]

The post Advanced Estate Planning Information For Caregivers And Surviving Spouses appeared first on AmeriEstate Legal Plan, Inc..

Creating a Trust for the Benefit of Children from a Second Marriage

If you are in a second marriage, did you have children from your first marriage? What happens when your spouse has children that you have grown fond of? How do you treat children from a prior marriage versus the children in a current marriage? The best solution is creating a Trust(s) which can be established […]

The post Creating a Trust for the Benefit of Children from a Second Marriage appeared first on AmeriEstate Legal Plan, Inc..

10 Simple (and Fun) Ways to Cut Taxes This Summer

It’s already starting to feel like summer in many parts of the country. But the forecast for Washington remains unclear as officials continue to discuss various tax-related issues. No matter what happens in Washington, don’t get stuck in a holding pattern yourself. Give some attention to business and personal tax planning this summer. Here are […]

The post 10 Simple (and Fun) Ways to Cut Taxes This Summer appeared first on AmeriEstate Legal Plan, Inc..