Posts Tagged "Trusts"

Estate Plan Basics — What is an Estate Plan?

Posted by on Jul 5, 2016 in Estate Planning | 0 comments

Estate plan Basics One of the first questions that many clients ask of an estate planning attorney is: What is an estate plan?  Some clients believe it is a will.  Others understand that a complete estate plan is more than a will but they are not sure what that might be. To put it simply an estate plan is more than just one document, it is a process.  During that process the clients work with the estate planning attorney to gather information and examine all of the issues that need to be addressed as part of the final documents.  During that process the client and the attorney often uncover...

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Trust Funding Issues

Posted by on Jun 30, 2016 in Estate Planning | 0 comments

Clients who prepare a comprehensive estate plan with a trust, will, power of attorney and medical directive have won the battle but not the war.  In many cases after the plan is complete we continue to see trust funding issues.  Clients or professionals cause trust funding issues when a portion of the plan is not followed to completion. Funding issues are caused in a number of ways.  Some issues come about when the trust is initially prepared.  A small number of attorneys prepare trusts for clients without any instructions for how it should be funded.  This mistake is inexcusable.  Often...

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