Just Ask John
We believe the perfect estate plan is whatever a client decides to do after fully understanding the options. That’s why we view ourselves as educators as well as legal experts. Below are our responses to frequently asked questions about estate planning in Hawaii.
When does it make sense to ask a bank to serve as trustee or co-trustee of a family trust? 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.
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.
