Articles Posted in Trust formation and amendment

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Reasons for Estate Planning

People engage in estate planning to establish a comprehensive plan to cover what happens to their money and property in the event of disability or death or divorce. Each estate plan is custom tailored to your personal situation. A typical estate plan will:

1. be changeable (revocable);

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GENERIC OUTLINE OF BASIC TRUST ADMINISTRATION STEPS:

(Each step of administration can create serious pitfalls and problems if ignored)

     1. Study of the trust documents to determine specific instructions i.e. what to do on death of first or second spouse as the case may be.

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