Estates come in all sizes. Procedures for settling an estate may differ depending on the size, however. If you are in charge of settling a friend or loved one’s small estate, take a few moments to consider alternatives to traditional probate. Why Use a Small Estate Affidavit? When a simple estate has few assets, there’s…
DetailsFamilies usually share a lot with each other. Sharing, though, can be more complex than sharing Grandma’s fruitcake recipe and the family’s cabin in the woods. Some families even share business assets. One business entity that’s used for family business assets is the family limited partnership. It’s also a powerful estate planning tool. It’s All…
DetailsSometimes you need a complete set to make things work. How would your car move safely down the road with only three tires? Where would the Beatles have been without Ringo? With estate planning, you need more than just a Will. The three basic estate planning documents are a simple Last Will and Testament, a…
DetailsMike smiled as he watched his grandson, Jake, graduate from kindergarten. He dreamed of Jake’s future, especially his graduation from college. His smile faded as he visualized his grandson dealing with a mountain of school loan debt. Fortunately, Mike knew several ways to save for Jake’s college education, including funding a 529 account on his…
DetailsTips On Funding A Healthy Retirement Many of us rely on our jobs to provide income for the things we need. Though planning on funding your retirement begins early in life. As we start considering retirement, though, we have decisions to make. How will we replace the income we received from our jobs? Strategies may…
DetailsHow Do You Avoid Contesting A Will? Alex was patriarch of a large family. They had gone through some tough times. His sons and daughters were not close to each other and only one of them, Roslyn, took care of Alex. At age 93, he decided to revise his Will to disinherit all his children…
DetailsEstate planning is all about taking care of people – you and your beneficiaries. Some people face the future knowing they need to provide for a loved one with special needs. One way to do so is through a special needs trust. Who Is Eligible for a Special Needs Trust? Obviously, the name tells you…
DetailsSonny Bono packed a lot of living into his 62 years on this earth. He was a singer, a songwriter, television star, restauranteur, mayor, and Congressman from the state of California. Though Bono is famous for the song he and second wife, Cher, made popular – I Got You Babe – he didn’t take care…
DetailsAs important documents go, your Will is right up there at the top of the list. This document will be the foundation of your life care plan. It makes a difference in whether your estate is settled smoothly, with property going to the right people, and total chaos, with your estate assets held up in…
DetailsPart of being a TrustCare© client at Keystone means you have the comfort of knowing our attorneys are monitoring certain federal and state law changes and how they may impact your estate plan. In 2018, the Tax Cuts and Jobs Act (The Act) became effective containing many changes to the federal tax laws. Below is a…
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