Triggering events that require updating your trust
Usually the only times you need to update your trust are when there are congressional changes in the law, or once every five years for your durable powers of attorney. This assumes that are there are no changes in your familial circumstances. If there are changes in your family dynamics, changes to your trust must follow immediately. Some of these changes include: Getting married (both traditional and same sex couples) Having a child (natural birth or adoption) Buying a ho
Same sex marriage and estate planning
On June 26, 2015, the Supreme Court of the United States made a monumental decision regarding marriage. The US Supreme Court legalized same sex marriage for the nation. We congratulate the celebration of love all people can share. If you are a same sex couple, now that you can marry in all 50 states, it is time to think about updating/creating your trust. With this decision, same sex couples can now take advantage of the estate taxing benefits that only traditional couples
I created a trust and got a property tax assessment! What do I do?
I created a trust and got a property tax assessment! What do I do? If you recently created a trust, or transferred ownership of your property, you could be facing a property tax assessment. Depending on the name of your trust, if the property tax assessor’s office cannot identify the beneficiary they can reassess your property taxes. Your estate-planning attorney should guide you on what to do if you get a property tax assessment from the creation of a trust. For more inf
