When Should You Update Your Will?
February 2, 2022
Whether you drew up a will recently or years ago, keep in mind it’s generally not something you can set and forget.
Downs Law Firm, P.C.
Trusts
Should You Rule From the Grave?
October 7, 2021
There are many stories of strange conditions in wills and trusts over time. For example, the German poet Heinrich ‘Henry’ Heine died in 1856 and left his estate to his wife, Matilda, on the condition that she remarry, so that ‘there will be at least one man to regret my death’.
What’s a Common Pot Trust?
September 29, 2021
A pot trust is a type of trust that lists children as beneficiaries, with the trustee using his or her discretion as to how trust assets should be spent. If you have minor children, you might consider setting up a pot trust to meet their financial needs, if something should happen to you. This type of trust allows you to create a single pool of assets to be used for the benefit of multiple children.
You Can Protect a Child With a Difficult Spouse
September 28, 2021
Whatever the reason, whether your life is a bed of roses or a getting-worse-nightmare, there are things you can do now to insure what you leave will go to who you want. And when. And in what portion or portions.
What are the Advantages of a Testamentary Trust?
August 18, 2021
This legal document can also be beneficial in many situations, such as if you want to leave an inheritance to someone but aren’t sure they will use the gift wisely.
Do Stepchildren Inherit?
June 3, 2021
My spouse passed. I have stepchildren who want a percentage of the profits from selling our house. What are they legally entitled to with no will?
Trusts Work for Regular Folks
April 14, 2021
When you hear the word trust fund, you might think of wealthy kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich. They are flexible tools to protect your loved ones.
Am I Named in a Will? How Would I Know?
February 1, 2021
How can we see if there was a will and if it’s worth pursuing?
What Will Be Your Legacy?
December 7, 2020
Your legacy is what you leave behind: What people will remember about you and receive from your life? Legacy planning is about fostering your relationships and passing on what is most important to you for your loved ones.
Why Is Trust Funding Important?
August 25, 2020
If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding.
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