Every lawyer generally has a duty of confidentiality, which prohibits the unauthorized disclosure of confidential client information. There are exceptions, however, such as when disclosure is necessary to prevent the client from committing a fraud that would...
The term family trust could refer to any trust whose intended beneficiaries are family members of the person who sets up the trust. That person is usually called the “settlor,” but the words grantor and trustor are also sometimes used.
An estate plan should provide peace of mind that your wishes will be carried out and your loves ones taken care of. For those of you who have created an estate plan, you know what I am talking about. However, shortly after you achieve this blissful state of being, you tuck your documents away in a safe place and continue living life.
This is a very good question. The short answer is, “It just depends.”
Do I need a trust?
As usual, before I dive into a direct response, I need to know the reason behind the inquiry by answering the question with another question, “Why are you thinking about a trust?”
Estate planning is necessary because, as the old expression goes, “You can’t take it with you.” Estate planning is the process of putting together a plan, which will allow someone to step into your shoes to manage your assets in the event of your incapacity and carry out your wishes after your lifetime.