Marital Deduction Funding Formulas for Revocable Trusts
The choice of marital deduction funding formula can affect the revocable trust in many ways. ...
Continue readingThe choice of marital deduction funding formula can affect the revocable trust in many ways. ...
Continue readingFundamental Discussion Before Drafting a Will. As an estate planning attorney, it is important for me to ask the right questions of my clients. I need to know about the client’s life, goals, family and relationship status, as well as about their assets, liabilities, income and expenses. Before making recommendations, I really need a good picture of their financial and personal life. Without such information, mistakes will be made and important planning opportunities will be lost. Many new clients come to me with a wrong understanding of how the law works. For example, they think if they have a Will that their...
Continue readingImagine that you are preparing to fly an airplane from Los Angeles to Honolulu. You know that airplane engines need to be serviced and overhauled after a certain number of hours of operation and you also know that the plane you are going to fly to Honolulu, over 3,000 miles of open water, has not been serviced recently. Would you choose to ignore the service requirements of the engines of that airplane, knowing that you have only one chance to get it right and that failure is not a viable option, particularly when that plane must travel non-stop for 3,000...
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