What is a living trust? A trust is an arrangement under which one person, called a trustee, holds legal title to property for another person, called a beneficiary. You can be the trustee of your own living trust, keeping full control over all property held in trust. A "living trust" (also called an "inter vivos"…
ActuarialAs used in planned giving, refers to the factors used to calculate the value of lifetime payments to individuals or organizations. Appreciated Property Securities, real estate, or any other property that has risen in value since the benefactor acquired it. Generally, appreciated property held by the donor for a year or more may be donated…
Other than perhaps the death of a parent, divorce is often the single most traumatic event in a child’s life. In America 60% of all marriages end in divorce and a third of those divorces involve bitter conflict. One million children in our country are involved in divorce each year. These children are twice as…
California attorney and mediator Diana Mercer has published an excellent article (reprinted below) on a number of myths about prenuptial agreements. Diana Mercer, Attorney-Mediator, is the founder of Peace Talks Mediation Services in Los Angeles, which mediates premarital agreements. Visit http://www.premaritalmediation.com for a free premarital agreement checklist and more information about prenups, mediation, and premarital…
Selecting the lawyer that will represent you is one of the most important decisions that you will make in your divorce case. You should try to find a lawyer who is skilled, competent, and who regularly handles family law and divorce cases. Seek someone who is responsive and willing to communicate with you throughout the…
AdministratorThe person appointed by the court to manage one’s estate when he or she dies without leaving a will. Administrators have the same duties as executors. AnnuityA sum of money payable yearly or at other regular intervals. Appreciated PropertyProperty, such as real estate or stock, that has increased in value. BeneficiaryAn individual designated to receive…
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When it comes to estate planning, there are 5 ridiculous myths that could cause your plan to crumble and fall apart when your family needs it the most.
Whether you already have an estate plan or you have ZERO documents in place, this report will help you identify common myths and mistakes so that you can FIX any problems, make the right decisions and properly safeguard the people and things you love.
BEFORE YOU GO ONE STEP FURTHER WITH YOUR PLANNING….
Download this free special report from attorney Steve Worrall and discover:
• The most common reason why estate plans FAIL when families need them the most (…this can happen no matter how much you paid or how great your attorney was!)
• Why estate planning is not just for the rich or elderly, and the bare minimum documentation every adult over 18 needs in place
• Why your kids may still end up in the care of social services, even with guardians named, if something happens to you
• One common oversight that may force your estate into probate, even though you have a rock-solid trust in place
• Why your family may not be able to honor your most private health care wishes if something happens to you
• …and more!
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National Healthcare Decisions Day is on April 16th, and it’s an important reminder for every adult to let someone know their most private wishes about medial treatments and possible end-of-life care. Far too many people assume that their families would make the choices they would want in an emergency. Yet everyday we hear stories of…