Estate Planning for Spouses Who Co-Own a Business
Working with a spouse in the family business comes with plenty of potential pitfalls. From not having alone time, to work conflicts bleeding into the home, a co-owned business can put strain on even the strongest of marriages. When one spouse passes, though, the issues do not necessarily end. Luckily, proper estate planning can alleviate…
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How to Choose a Trustee (And Why a Professional Trustee Makes Sense)
One of the most important decisions you will have to make when creating a trust is choosing the right trustee. This individual will be charged with administering the trust in accordance with the creation documents, and acting in the best interests of the trust and the beneficiaries. While the former will often be the trustee…
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Best Practices for Naming Successor Trustees
When establishing a revocable living trust, it is crucial to follow best practices for naming successor trustees, as this individual will be responsible for managing the trust’s assets and honoring the trustor’s intentions long after their passing. Despite their name, when forming a revocable living trusts it is essential that the founder make decisions with…
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