Our Blog – Estate Planning & Probate
Feb 04, 2019
One option for the transfer of vacation home real estate is the use of Limited Liability Companies (“LLCs”). LLCs are quickly becoming the preferred entity for vacation homes because membership interests in an LLC are easily transferrable outside of probate, and LLCs provide for flexible operating agreements that allow for the parties to define individual’s financial duties, access, and responsibilities for the property. Unlike joint ownership that leaves all of these issues up to the individual owners to figure out on their own, an LLC allows the parents or the first generation of owners to decide how the property should be managed.
Jan 23, 2019
A Revocable Living Trust is a legal document often used as an integral part of an estate plan. A Revocable Trust is a document (the “Trust Agreement”) created by a person to manage assets during their lifetime and distribute the remaining assets after their death. A Revocable Trust allows for the person creating the Trust Agreement to manage the Trust, to receive benefits from the Trust, and to change the terms of the trust or evoke it.
Jan 09, 2019
We’ve prepared a pre-consultation checklist so that you can make the most of you and your attorney’s time.
Jan 03, 2019
The start of a new year can be a time of commitment to self-improvement, accomplish a personal goal or otherwise improve one's quality of life. For many, estate planning may not be at the top of their list of New Year’s resolutions, but it should be.