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Your Complete Guide to Establishing a Special Needs Trust

Your Complete Guide to Establishing a Special Needs Trust

This guide will provide answers to the following: What is a special needs trust? How do they work? Why should you create a special needs trust for your loved one? How does one set up this type of trust successfully?

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Posted August 8, 2018 | by Sasha Kamfiroozie |in News

Do I need an estate plan?

Yes. Although many people believe they do not have enough assets to need an estate plan, some level of estate planning is important for everyone. A proper estate plan can provide protection and planning for temporary or permanent incapacity. Many estate plans also include a trust, which avoids probate, the lengthy legal process for transferring

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Posted May 8, 2017 | by Sasha Kamfiroozie |in News

What is an Estate Plan?

An estate plan is a collection of documents that provide instructions regarding your care if you are ever incapacitated and the distribution of your assets upon death. An estate plan allows you to provide for your surviving spouse, children, and aging parents; it allows you to choose one or multiple individuals you trust to make

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Posted May 8, 2017 | by Sasha Kamfiroozie |in News

Trust Funding

A Revocable Living Trust must be funded to fulfill its purpose. Trust funding means that the creator of the trust must retitle assets from their individual name, into the name of the trust. If there are no assets in the trust at the time of death, much of the value of the trust is lost.

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Posted May 8, 2017 | by Sasha Kamfiroozie |in News

Avoiding Probate

Avoiding probate is important but most people do not know why. There are a few problems with probate. First, it can be very expensive. Second, probate is a very lengthy process that can tie up property anywhere from six months to two years. Finally, probate is a public process where anyone willing to travel to

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Posted May 8, 2017 | by Sasha Kamfiroozie |in News

Choosing a Trustee

Choosing a Trustee is a very important decision. A trustee has a fiduciary responsibility to the beneficiaries. This means that the trustee will be held to a very high standard and must care for trust assets with greater care than that required of his or her own assets. Thus, honesty, good judgment, and organization are

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Posted May 8, 2017 | by Sasha Kamfiroozie |in News
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