How Heggstad Sweeps Assets into Trusts
20 Jan, 2019//Posted by : admin//Category : Uncategorized
When clients are planning revocable trusts, and again, while they are signing, and again, after they are mailed the recorded deeds, etc., we always take care to explain that trusts are fairly useless and inoperative without anything in them. They...
How small estate administration helps large estates.
28 Dec, 2018//Posted by : admin//Category : Uncategorized
Most, if not all, of these United States have statutes that allow Will beneficiaries and/or intestate heirs to collect accounts, property, and other small assets without the expense and delay of probate court proceedings. These statutes can be helpful in...
Compos Mentis or Non
31 Oct, 2018//Posted by : admin//Category : Uncategorized
In Latin, the phrase "non compos mentis" describes one who "does not have mastery of one's mind". It is a somewhat archaic term, as most Latin phrases are, but still serves the purpose of defining someone who lacks the capacity...
The Perils of Joint Tenancy
3 Oct, 2018//Posted by : admin//Category : Uncategorized
While the desire to avoid the costs and delays of probate is understandable, the living trust mechanism, at least in the case of real estate assets, is the preferred mechanism to do that. However, whether in a fear of, or...
Where there is a Will and there are other ways.
24 Aug, 2018//Posted by : admin//Category : Uncategorized
The modern estate plan, in most cases, contemplates inclusion of a living trust, a "pour over" Will that names the trust as beneficiary, and durable powers for assets and health care. The primary objective of the Trust, as most know,...