Category: Trusts

A living trust is one of the most powerful estate planning tools available, offering a seamless transition of assets while avoiding probate. However, simply creating a trust is not enough. To ensure it functions as intended, you must align your assets with the trust. Without proper alignment, the trust’s benefits may be lost, and your…

Selecting the right executor of your estate ensures that your assets are handled in a preferred manner after death. Final debts will need to be paid and assets must be divided, and these are just a couple of the critical tasks an executor will perform. Choosing someone committed to seeing your requests through and responsibly…

As estate planning attorneys, we often remind clients that their estate plan isn’t done when they have signed their will or trust.  Just as important are the beneficiary designations of their assets. Recent events have prompted questions about beneficiary designations of bank accounts and their effect on the amount of FDIC insurance.  In this blog…

The recent failure of a regional bank has once again focused the attention of many people on the limits of FDIC insurance.  Many investors in Silicon Valley Bank were very concerned that the could lose most of their deposits because those deposits exceeded the limits of FDIC insurance.  As of this writing in March 2023,…