Monthly Archives: October 2010

Etiquette for calling your parents Estate Planning Attorney John and Mary have hired an attorney who has helped them create and fund a revocable living trust. John and Mary have two adult children Sam and Jim. Sam is the successor … Continue reading →

Severing Joint Tenancy John and Mary have set up a revocable trust and transferred all their assets to it except for one piece of real property. John and his brother Mike own that piece of real property ‘as joint tenants.’ … Continue reading →

A Revocable Trust Does Not Avoid Creditors Some people wish to place their assets beyond the reach of their creditors. A revocable trust will not accomplish this result. The creator of a revocable trust retains all rights in the assets … Continue reading →

Community Property and Qualified Retirement Plans John and Mary live in a community property state. They have been married for many years but they each have children from prior marriages. They have an A/B/C or QTIP Trust which divides and … Continue reading →

Beneficiary of Life Insurance John and Mary have created a revocable living trust. John and Mary each have separate policies of insurance on their lives. They can name the spouse as the primary beneficiary and the trust the contingent beneficiary, … Continue reading →

Income and Remainder Beneficiaries of a Trust You may become the trustee of a trust that has become irrevocable on the death of the friend  of yours who created it. This particular trust provides that your friend’s mother gets the … Continue reading →

A Revocable Trust is not a substitute for a Pre or  Postmarital Agreement When spouses comingle assets, it makes it easier to contend during a later divorce that the character has been changed from one spouse’s separate property to the … Continue reading →