Estate Planning for Young Adults: Why It’s Never Too Early to Start
Estate planning often conjures images of retirement, substantial assets, and complex legal documents—not young people and carefree lifestyles! However, the reality is quite the contrary. Estate planning matters for everyone, regardless of age, family status, or wealth. Starting the legacy planning process for young people not only prepares them for unforeseen circumstances but also establishes […]
Planning for Your Pets: Pet Trusts and Other Options
Many of you know that we’re a dog-friendly business; our office dog, Sammy, comes to work every day here at the Slaton Schauer Law Firm, PLLC. Pets are not only occasional co-workers, but are often members of the family as well– deserving of care and protection even in the absence of their owners. Planning for […]
Have you heard of a “rabbi” trust?
Did somebody say “rabbit” trust? Let’s talk about an interesting type of trust – the “rabbi” trust. Named for their originator, a rabbi and his congregation, these trusts are occasionally used by employers to provide key employees with compensation in an irrevocable package. In essence, rabbi trusts are a type of irrevocable trust. […]
What It Means to Disclaim
Disclaimers are an effective Estate Planning tool for the Trust and Estate Practitioner. They allow the disclaimant to alter an Estate Plan if they follow the statutory requirements exactly. Disclaimers can be tricky but when used correctly, achieve great results for a client.
Can Estate Planning Help to Prevent Elder Abuse?
As loved ones and parents age, they become more vulnerable to fraudulent schemes. This article explores how a solid estate plan can help protect the elderly from becoming victims. Read on to learn more.
Charitable Planning in Times of Crisis
During times of uncertainty, we tend to feel helpless. This article explores how charitable giving gives us a sense of purpose in trying times. Read on to learn more.
Could Using Specific Bequests Cost Beneficiaries?
Parents often decide to leave one child a specific asset and provide an equalizing cash bequest to the other. This article explores how specific bequests may provide unintended results. Read on to learn more.
Estate Planning for the Youthful
Most people associate Estate Planning with the elderly or very wealthy. This article explores some general situations in which Estate Planning for the young and healthy is advisable. Read on to learn more.