Currently viewing the tag: "probate"

In Trusts We Trust: Day 48

January 25, 2012 by

Simple Trust A simple trust is a trust where the trustee’s only duty is to distribute the assets to the beneficiaries according to the terms of the trust.  Simple trusts are aptly named, because they are in fact simple trusts to deal with.  They do not include charitable gifts and they do not include assets […]

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In Trusts We Trust: Day 47

January 25, 2012 by

Revocable Trust A revocable trust is a trust that can be changed at any time or canceled if the grantor desires. They are also referred to as living trusts, or revocable living trusts.  If you decide to change or alter your revocable trust, you will need to do so through a trust amendment, where you […]

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In Trusts We Trust: Day 38

January 11, 2012 by

Living Trusts If you were reading the blog a couple of weeks ago, you’ll remember we covered Inter Vivos Trusts.  The phrase “Inter Vivos” is Latin; it means “Between the living.”  In the estate-planning world, Inter Vivos is assigned to gifts that are given during the lifetime of the person giving the gift. Here in […]

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In Trusts We Trust: Day 31

December 30, 2011 by

Inter Vivos Trust The phrase “Inter Vivos” is Latin; it means “Between the living.”  In the estate-planning world, Inter Vivos is assigned to gifts that are given during the lifetime of the person giving the gift. What’s the difference between an Inter Vivos Trust vs. Testamentary Trust?  Inter Vivos Trusts are set up during lifetime, […]

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On Steve Jobs, Day 11

November 2, 2011 by

Over the past 10 days I’ve acknowledged Steve Jobs both for the way he lived and for the way he died.  In living he was an undeniable leader and innovator; in death, the legacy he spent his life building lives on for his family to use.  Reuters first reported  back on October 6th, that Mr. Jobs had put real estate into a trust in 2009. […]

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On Steve Jobs, Day 9

October 27, 2011 by

Since Steve Jobs left us at the beginning of the month, many have speculated on just how he planned for his death, what specific type of estate planning tools he used and how he took care of his family and protected the empire he’d spent a lifetime building. Back in 2009, Reuters reported that Jobs […]

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On Steve Jobs, Day 8

October 26, 2011 by

I’ve said it once and I’ll say it again: Steve Jobs taught us all a great deal about how to live and how to live on after death.  About living he taught us to always look for the good, and about living on after death he taught us to plan ahead, create a trust, care […]

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On Steve Jobs, Day 7

October 26, 2011 by

What can we learn from the way Steve Jobs lived—and from the way he died?  Well, there’s so much to learn from the way he lived; he was quoted as saying ,”We’re here to put a dent in the universe,” and, “For the past 33 years, I have looked in the mirror every morning and […]

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On Steve Jobs, Day 5

October 22, 2011 by

You know how I always say, “Where there’s a will, there’s probate?”  You further know how I always recommend that you avoid probate at all costs because of—among other bad things—the process of probate is a public one?  Well, here’s proof of what I’ve always said. Of Steve Jobs’ death, ABC News wrote, “Future of […]

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On Steve Jobs, Day 2

October 13, 2011 by

Much talk has been circulating about Steve Jobs since he passed away last week on October 5th; while there are many things I could write about him, one of the things I think is most important to convey here is how Mr. Jobs planned for the future while he was still alive, and how that […]

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