Posts Tagged ‘ living trusts ’

Follow-Up Answers to “Revocable Living Trusts in a Nutshell” Webinar

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Online Presentation This past Monday, I gave a 90-minute webinar entitled “Revocable Living Trusts in a Nutshell”.  It was sponsored by the good folks at the National Business Institute (“NBI”) and simulcast by West Legal Ed Center.  The course was geared toward a national audience and is approved for Continuing Legal Education (CLE) credit in…

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Last Month in Estate Planning (October 2011)

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The following is a summary of popular topics discussed in estate planning blogs and articles last month. Federal Estate and Gift Tax Updates The IRS announced that for 2012, the federal estate tax exclusion will increase to $5,120,000 (it was $5 million in 2011).  As Julie Garber of about.com notes, this means that the lifetime…

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One State’s Brochure Against Living Trusts: How ‘Bout Them Apples?

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A colleague recently sent me a link to this pamphlet,  “Living Trusts:  Get the Facts!” from the Estates and Trusts Section of the Maryland State Bar and the Register of Wills Association of Maryland, circa 2004.  I did not even have to click on the link, because I was already well acquainted with it.  Read…

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1600 Words about a 100-Word Addition to Virginia Trust Law (Part III)

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In the first two parts of this topic, we covered the attempt to unify trust law throughout the United States and Virginia’s brief new amendment to its version of the Uniform Trust Code.  Now, to close the loop, we conclude by giving further detail to two important types of marital deduction trusts briefly mentioned in…

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Revocable Living Trusts: Should Couples Use Joint or Separate Trusts? (Part II)

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In Part I of this topic, we discussed that the decision to use joint or separate trusts is mainly based on the answers to these three questions:  Read more... Under federal and/or state law, are you married to your partner – Yes or No? Do you live in a Community Property or Separate Property State?…

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Living Trusts: Should Couples Use Joint or Separate Trusts? (Part I)

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We have previously discussed the choice between wills and living trusts as your primary estate planning document.  However, if you opt for the living trust route, there is another important choice to make if you are married or have a significant other you wish to plan with.  Read more...

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The Elizabeth Edwards Estate: Will John Truly Be Disinherited?

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Making the rounds in the news lately is the fact that Elizabeth Edwards, who passed away this past December 7, has seemingly disinherited former Presidential candidate and husband John Edwards by not including him in her will.  Inside Edition has released the will, signed six days before Ms. Edwards’ death.  Read more...

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Wills vs. Living Trusts: 6 Items to Consider

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All adults need at least a will.  Without one, state law determines what happens to your assets and minor children, and the results may not work out as you would expect or even like. However, in many situations, it may be more appropriate to have a living trust (aka “revocable trust” or “revocable living trust”)…

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Quaids and Star Whackers Need a Refresher Course

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Attorney-extraordinaire Jason Miller, a regular reader of this blog, alerted me to this ongoing saga about Randy Quaid and his wife Evi. To summarize, the Quaids believe that they are being pursued by a Hollywood cult called the “Star Whackers”. During their “escape”, the Quaids trashed their former home, skipped out on some large hotel…

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