Trusts

A Will or Trust? It’s Not About the Size of Your Estate

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When I use the word “trust” in a consultation, people often quickly tell me that they don’t have enough money or assets to require a trust. This is a common misconception, that a trust requires a vast estate. Perhaps we owe that to the word “trust” conjuring up visions of large philanthropic organizations that operate exclusively out of a trust, or “trust fund babies.”

In fact, a trust can often cost much less in administrative fees, on the back end, to ...

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Effect of Divorce on Your Will, Trust, and Beneficiary Forms

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Posted on: June 19, 2018
By Hallie L. Zobel, Esq.
(Adopted from a 2018 presentation to the National Association of Divorce Professionals)

Are you going through a divorce, or have gone through one recently?

If you’ve ever had the passing thought that your ex-spouse is still named in your will or trust, and cringed, thinking that you have to get that changed before you accidentally hand over your accounts to someone whom you don’t even want to be in the same room ...

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If You Own Out of State Property, Establish a Trust

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If You Own Out of State Property, Establish a Trust
Posted on: March 30, 2018
By Hallie L. Zobel, Esq.

If you own out of state property, it’s almost a certainty that you and your family will be better served by a trust instead of a will.

Why is that?

First, consider that probate is unavoidable with a will. Many of my clients arrive at my office assuming that probate is only for those that are intestate, or without a will. The decedent’s ...

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Your Client Has Been Named Trustee; Does He Really Need An Estate Attorney?

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Your Client Has Been Named Trustee; Does He Really Need An Estate Attorney?
Posted on: February 6, 2018
By Hallie L. Zobel, Esq.

A client recently terminated me as his attorney of his mother’s trust. I found it interesting that his decision came the day after he met with his financial advisor. Perhaps it was a total coincidence! After all, it is difficult for me to believe that a client would have been given advice from another professional that is likely to ...

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If an Estate Plan Were a Car: Understanding Will-Based vs. Trust-Based Planning

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If an Estate Plan Were a Car: Understanding Will-Based vs. Trust-Based Planning
Posted on: April 13th, 2016
By Mary Merrell Bailey, Esq. CPA MBA MSTax MSAccounting

If you are confused about the differences between a will-based estate plan and a trust-based estate plan, you’re not alone.

According to a recent informal survey we conducted of a group of Central Florida seniors over the age of fifty, 65 percent of those completing the survey indicated they were confused about the topic and would ...

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Navigating Life’s Journey: The Role of the Revocable Living Trust

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The function of a revocable living trust is far more powerful than a “simple will” because it covers the three phases of the Trustmaker’s life, and a will does not.

Navigating Life’s Journey: The Role of the Revocable Living Trust
Posted on: October 2nd, 2015
By Mary Merrell Bailey, Esq.

A Revocable Living Trust covers the three phases of the Trustmaker’s life. Created during your lifetime, your revocable living trust (RLT) is your alter ego. Designed to be the minivan of trusts, ...

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Thanksgiving Holiday Provides Opportunity for Family Members to Spot Signs of Incapacity in Aging Parents

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Early detection of cognitive decline enables professional advisors to more effectively address financial, legal and care-giving concerns.

Thanksgiving Holiday Provides Opportunity for Family Members to Spot Signs of Incapacity in Aging Parents
Posted on: November 10th, 2014
By Mary Merrell Bailey, Esq., CPA MBA MSTax MSAccounting

With fuel prices the lowest in four years, more than 40 million Americans are expected to take to the roadways, railways and airways as they head home for the Thanksgiving holiday. Thanksgiving – one of ...

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Advance Directives and Your Legal Authority For Missing Family Members – What Do You Do?

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Advance Directives and Your Legal Authority For Missing Family Members – What Do You Do?
Posted on: July 28th, 2014
By: Mary Merrell Bailey, Esq. CPA MBA MSTax MSAcctg

Acting as a Successor Trustee – Advance Directives and How They Affect You  

The news is full of speculation as to the whereabouts of Malaysia Airlines Flight 370.  The March 8, 2014 flight from Kuala Lumpur to Beijing disappeared.  No trace of the plane – or its 239 passengers and crew – has ...

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Choosing the Right Trustee

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Choosing the Right Trustee
Posted on: June 20th, 2013
By: Hallie Zobel, Esq.

Revocable living trusts are wonderful because of the flexibility they allow in managing your assets and providing for continued management in the event of disability. Most people choose to be trustees of their own revocable living trust during their lifetimes, but a critical choice facing those making trusts is who to select to manage things after they have passed away.

Many people choose family members, usually a child. In ...

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