updating trust

Why use a trust rather than a will?

Why use a trust rather than a will?

It is possible to use either a “will” or a “trust” to direct property into the right hands following your death.  While wills accomplish little more than that limited goal...

What happens if a parent dies without updating his will or trust to reflect the arrival of a new child?

What happens if a parent dies without updating his will or trust to reflect the arrival of a new child?

The only correct short answer is, “It depends.”  First, it depends on the wording of the deceased parent’s will or trust.  Many such documents specifically provide for after-born children, but many others do not.  Second, it depends on applicable law.  Every state has a statute that is intended to protect the interests of...