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What Is a Subtrust? Additional Benefits Subtrusts Provide

What Is a Subtrust? Additional Benefits Subtrusts Provide

POSTED ON: February 2, 2024 BY: Troy Werner
A subtrust is a separate entity created under the umbrella of a primary trust or a will. A subtrust becomes active based on the terms of the trust or will when certain events happen, such as the death of the primary grantor, or creator. Subtrusts are one tool that estate planning attorneys use to help families pass on inheritances and protect their heirs from creditors or issues such as lawsuits or divorce. Subtrusts serve various purposes depending on…
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Understanding the Benefits of a Special Needs Plan

Understanding the Benefits of a Special Needs Plan

POSTED ON: February 1, 2024 BY: Troy Werner
Whether you’re a parent with a special needs child or an adult caring for an elderly or special needs loved one, understanding the benefits of a comprehensive Special Needs Plan is crucial. Careful planning ensures that the individual with special needs has clear financial security upon your death, as well as specific goals to address the needs of your child or loved one so that they can be successful in the future. From guardianship and living arrangements to managing finances and planning for adulthood, each element of a special needs plan plays a crucial role in ensuring a secure and…
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What Should I Do to Get My Affairs in Order?

What Should I Do to Get My Affairs in Order?

POSTED ON: January 31, 2024 BY: Troy Werner
Making a plan in case you become incapacitated and preparing for your eventual death can help you to protect your assets and preserve your legacy.
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What Is the Biggest Mistake People Make on Their Wills

What Is the Biggest Mistake People Make on Their Wills?

POSTED ON: January 30, 2024 BY: Troy Werner
Have you managed to avoid the eight most common estate planning mistakes? Your family will thank you.
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How Do You Stop Family Fights over Inheritance?

How Do You Stop Family Fights over Inheritance?

POSTED ON: January 29, 2024 BY: Troy Werner
A highly successful estate-management strategy for avoiding inheritance disputes is to make a meticulously detailed and legally sound will.
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Don't Gamble with Your Future: Why Choosing the Right Estate Planning Attorney Matters

Don't Gamble with Your Future: Why Choosing the Right Estate Planning Attorney Matters

POSTED ON: January 26, 2024 BY: Troy Werner
Estate planning: two words that encapsulate the entirety of your life’s work and the legacy you wish to leave behind. It is a profound yet often misunderstood aspect of personal finance and legal preparedness. As an experienced estate planning attorney, I’ve seen firsthand the turmoil and heartache…
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5 Reasons a Will Is Your Secret Weapon (Even If You're Young and Healthy)

5 Reasons a Will Is Your Secret Weapon (Even If You're Young and Healthy)

POSTED ON: January 25, 2024 BY: Troy Werner
In the vibrant journey of life, especially when we’re young and healthy, planning for the unexpected is often relegated to the back burner. The concept of a will, typically associated with age or affluence, might seem like a distant need. Yet, it’s a powerful tool that transcends…
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Top 5 Estate Planning Nightmares You Can Avoid with a Will

Top 5 Estate Planning Nightmares You Can Avoid with a Will

POSTED ON: January 24, 2024 BY: Troy Werner
In the realm of estate planning, a common adage rings true: “Failing to plan is planning to fail.” As an experienced estate planning attorney, I’ve witnessed firsthand the turmoil and heartache that can ensue when individuals neglect the crucial step of…
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Designating Your Beneficiary

Designating Your Beneficiary

POSTED ON: January 23, 2024 BY: Troy Werner
Choosing a beneficiary is a critical decision in managing your financial and estate plans. This article delves into the nuances of beneficiary designations, offering insights into why making…
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Make a New Year's Resolution to Do Your Estate Planning in 2024

Make a New Year's Resolution to Do Your Estate Planning in 2024

POSTED ON: January 22, 2024 BY: Troy Werner
Creating or reviewing an estate plan is something that many people know they should do but often put off. It’s natural to say things like: “I’ll take care of it later,” or “I don’t have enough money to have an estate plan.” However, life and circumstances happen that may be out of your control. Every adult needs…
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. See full disclaimer here.
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