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How to Protect Family Heirlooms From a Family Feud

The passing of family heirlooms from one generation to another should be welcome tradition in most families, but unfortunately, this process can cause long-lasting family rifts if not done properly. There are many stories of families that have split over a silver tea service or a portrait of a long-dead ancestor. In fact, you may…

What Is a Trust?

A trust is a legal creation set up to benefit someone or something. For example, some people set up trusts to benefit their children, their grandchildren, or even charities. It is easiest to understand if you think about three separate people being involved. One person, called the grantor, funds the trust somehow, by placing money…

Why Everyone Needs an Agent

Everyone needs an agent – and not the Hollywood type. An agent is someone you designate to handle your estate after you’ve gone or who can make decisions for you if you cannot make them for yourself. Here are the kinds of agents everyone needs: Executor – an executor is the person you designate to carry…

Reasons to Establish a Trust (and Being Rich Isn’t One of Them)

When you hear the words, “trust fund,” do you conjure up images of stately mansions and party yachts? A trust fund – or trust – is actually a great estate planning tool for many people with a wide range of incomes who want to accomplish a specific purpose with their money. Simply put, a trust…

The Perfect Solution for Choosing Your Child’s Guardian

If you have minor children and have not yet selected a guardian, you are not unlike many parents who put off this critically important task while waiting for the perfect solution to present itself. Or perhaps you and your spouse/partner cannot agree on who would be the ideal guardian for your kids. Here is your…

“See you in the Umbra!”

If you have a few minutes to kill, try doing this: Log onto Expedia.com, Hotels.com, Travelocity, Kayak, Priceline, or any of these related search engines. Search for a 1-night stay in a room on August 20, 2017 in one of the following cities: Madras, Oregon Idaho Falls, Idaho Casper, Wyoming Atchison, Kansas Carbondale, Illinois Gladstone,…

How To Protect Your Intellectual Property ?

?Protect your ideas.? Protect your investment.?   Intellectual Property (IP) – a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc. While IP has been a concern for many years now,…

What Every Single Parent Needs to Know About Estate Planning

If you are a single parent, life for you right now probably couldn’t get any busier. You are likely being pulled between work, school activities, sports teams and the inevitable emergencies that fill the lives of single parents everywhere. Being a single parent is a huge responsibility. You may have taken it on willingly or…

Does Your Trustee Need to be a U.S. citizen?

Selecting a trustee to manage and distribute trust assets to beneficiaries upon your death just became a little more complicated.  If you are deciding whether to name an individual who is not a U.S. citizen or U.S. permanent resident as a successor trustee, there are a number of factors to consider. To begin with, a trust…

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