Tag: estate planning
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Your wishes can guide trustees, but they should not become a second trust deed. When preparing a letter of wishes trust document, keep the…
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Flexibility can be valuable in an estate plan, but it comes at the cost of certainty. A discretionary trust gives trustees authority to decide how…
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“Bear trust” may look like the name of a distinct legal arrangement, but it is usually a mistaken search term for “bare trust”. If you have…
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A bare trust can separate the handling of an asset from the right to benefit from it. That distinction matters: the trustee holds legal title, but…
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A notice of severance changes how co-owners hold the beneficial interest, but the process doesn’t end with sending a letter. If you’re researching…
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The simplest-looking property title can have the biggest effect on who inherits. The difference between tenants in common vs joint tenants is not…
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A change to how a home is owned can alter who inherits a share, even when the names on the legal title stay the same. The severance of the joint…
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Giving a surviving partner full ownership may seem like the simplest way to provide security, but it can leave the eventual inheritance uncertain. A…
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A pair of mirror wills can leave children’s inheritance less secure than parents expect. If one partner dies and leaves their estate outright to the…
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Leaving your share of the family home outright may not suit you if you want to provide a surviving partner with somewhere to live while preserving an…