Let’s discuss Spousal Lifetime Access Trusts, otherwise known as SLATs. Establishing one can be complex and designing one to meet your particular needs will most certainly require an estate planning expert, but doing so could be quite beneficial for your financial future. A Spousal Lifetime Access Trust is an irrevocable trust that can own permanent[…]
The death of a loved one creates many challenges. Of course, there is grief and a profound sense of loss and immediate plans must be made for a memorial service or funeral. But there are many other matters that need to be addressed. From closing bank accounts and credit cards to paying bills, settling an[…]
Too often, people believe their wills will solely determine who receives their assets. While this is true for “probate assets,” which are assets that are usually owned solely in a person’s name, it is not the case for multiple non-probate assets, which are assets that have a designated beneficiary. If you have qualified retirement plans,[…]