As a trust beneficiary, you may feel like you are at the mercy of the trustee. Depending on the type of trust, however, trust beneficiaries may have rights to ensure the trust is properly managed. A trust is a legal arrangement through which one person, called a “settlor” or “grantor,” gives assets to another person…
In creating your estate plan, you will select several individuals to help carry out your wishes. The person you choose to be your Executor* will be responsible for making sure your will and trust documents are administered properly after you have passed away. The Executor can be any person of your choosing, and the first choice…
Most of us have a substantial number of online accounts ranging from email, social media, blogs, web pages, to music, book, and movie collections. Your digital accounts likely also include online banking accounts and investment portfolio information. These online accounts are considered our “digital assets,” and they often contain information near and dear to us—personal…
Almost certainly, you have heard of Medicaid or know someone who receives Medicaid benefits. However, for many the Medicaid world can seem cryptic and be difficult to understand. We thought it was time to share some information on the subject. Medicaid is a combined federally- and state-funded benefit program, administered by each state, which can…
If you have never heard of the Federal “Greenbook,” you are not alone. We want to introduce you to this publication because its information could seriously affect your estate planning. The “Greenbook” is simply the nickname given to the Treasury Department’s yearly “General Explanations of the Administration’s Fiscal Year Revenue Proposals.” It explains the Administration’s…
