Sometimes 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…
DetailsAlex 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 except Roslyn. He was concerned, though, that…
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…
DetailsHow property is titled makes a difference in how it is handled during the owner’s lifetime and what happens to it after the owner’s death. For example, Don, Holly, and Sarah own a rental property together. They could own it several ways, including as a joint tenancy or tenancy in common. What does that ownership…
DetailsWe’ve all heard of trusts. After all, they are one of the most common estate planning tools. Some people establish trusts for asset protection. Others need to provide for a loved one with a special needs trust. Two trusts that are similar, but not the same are the spendthrift trust and the discretionary trust. Though…
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