Many people believe that once they’ve signed their will or trust, their estate plan is “done.” Actually, an estate plan is a living set of instructions, and like anything important, it needs regular checkups. Life changes—sometimes gradually, sometimes overnight. Marriages, divorces, new children or grandchildren, deaths in the family, changes in health, or a move […]

Posted in Estate Planning | No Comments »

While your instinct to have each child receive his or her share outright at age 21 is understandable, I want to caution you strongly against that approach given the size of your estate. Once a child receives funds outright at 21, the control is absolute and irreversible. That money immediately becomes potentially subject to poor […]

Posted in Estate Planning | No Comments »