This is a problem solved by a trust—a “spendthrift” trust. With a spendthrift provision in a testamentary trust created under a will or an inheritance trust created under a revocable living trust, the trustee makes all decisions about distributions. This can be an effective means of controlling the flow of money. A spendthrift trust, according […]
How Do I Stop Heirs from Foolishly Wasting Inheritance? Read More »
Despite the pandemic, two out of three American adults still do not have a will. Procrastination and thinking they don’t have enough assets to warrant a will are the top reasons given, says the article “The Biggest Mistakes People Make in Their Wills, According to Estate Lawyers” from Huff Post. Estate planning lawyers know this is a tragic mistake,
Common Estate Planning Mistakes Read More »
Studies show that adult children complain that their parents are stubborn and that the parents themselves admit this. Considerable’s recent article entitled “Why are your aging parents so stubborn? Researchers think they have the answer” explains that as children become more involved, they may make suggestions for things that older adults might do to maintain their safety and
Can You Believe Aging Parents Grow Stubborn and They Know It? Read More »
It’s always the right time to do your estate planning, but it’s most critical when you have beneficiaries who are minors or with special needs, says the Capital Press in the recent article, “Ag Finance: Why you need to do estate planning.” While it’s likely that most adult children can work things out, even if it’s costly and time-consuming
Here’s Why You Need an Estate Plan – Sandahl & Damhof Read More »
It’s always the right time to do your estate planning, but it’s most critical when you have beneficiaries who are minors or with special needs, says the Capital Press in the recent article, “Ag Finance: Why you need to do estate planning.” While it’s likely that most adult children can work things out, even if it’s costly and time-consuming
Here’s Why You Need an Estate Plan Read More »
There’s a growing body of research that supports the notion that grandparents will live longer if they babysit the grandchildren. Parents with young children can know that their parents and their children are getting benefits from babysitting time together, says Considerable’s June article entitled “Grandparents who babysit a grandchild live longer, study finds.” Considerable spoke with Dr. David Coall,
Will I Live Longer if I Babysit the Grandchildren? Read More »
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