Wills / Power of Attorney related posts
Two Variations of Most Common Married Revocable Living Trusts
July 8, 2011
A-B Marital and A-Marital Do you know the type of married trust created in your estate plan, and how it works? As husband and wife, you created a Revocable Living Trust to protect your loved ones and protect your estate’s real property and financial assets from a Court Probate. Another reason is to reduce or eliminate Federal
Same Sex Couples Estate Planning Overview
June 30, 2011
Written By Stephanie Lane, Sr. Client Resource Director What happens when a domestic partner becomes incapacitated or dies? In reality, it can be devastating to both the partner and their children. Not only at the time of death, but also while living and incapacitated. Without proper planning, you basically give up control of your estate
Estate Planning Is a Process and Not a Destination
March 28, 2011
At AmeriEstate Legal Plan, we like to emphasize to our members seeking estate planning, is that estate planning is exactly that: “planning.” The plan changes over time. One thing our provider attorneys try to emphasize with our member clients is that the plan today may be different from the plan tomorrow and that ANY time
Trust Administration on Death of First Spouse
March 24, 2011
We receive a lot of questions about what, if any administration is needed for a Living Trust after one spouse has died. A lot of the older trusts will have been created with credit shelter, or A-B provisions. An A-B Trust REQUIRES the administrative division of the trust assets upon the death of the first
Arizona Trust Code Updates Provided Free
May 8, 2009
AmeriEstate is pleased to announce that in keeping with long honored policies, all of its current legal plan members residing in Arizona, who are affected by the recent adoption of the Uniform Trust Code (“UTC”), governing all revocable and irrevocable trusts in Arizona, are being provided the necessary and important legal updates at no charge.
Arizona Trust Code Law Change Effective Jan 1, 2009
April 27, 2009
The State of Arizona recently adopted most provisions of the Uniform Trust Code (UTC) adding several new requirements to both new and existing Trusts. The new law went into effect on January 1, 2009. Arizona’s legislature made this law retroactive to ALL trusts created before this change in the law. This means, at the very
Repeating an Eloquent Sentiment
February 20, 2009
This is part of a letter written by famous comedian George Carlin, shortly after his wife died… Remember, spend some time with your loved ones, because they are not going to be around forever. Remember, say a kind word to someone who looks up to you in awe, because that little person soon will grow
Managing Trust Assets for Incapacitated Settlor
November 21, 2008
These Guidelines are designed as an aid to those of you who have been entrusted to serve as successor trustee(s). It is not possible to answer all of your potential questions. However, we hope to answer those which will come up with some regularity. You may have assumed the duties as successor trustee either because
Trustee Fees vs. Probate Costs
November 3, 2008
It is not uncommon for supporters of living trusts as a means for distributing one’s estate to compare the often high cost of probate to the cost of creating a Revocable Living Trust. Depending on the state you live in and the complexities of your estate, Probate can consume anywhere from 4% to 10% or
Banking Crisis of Sept 2008 Triggers New FDIC Rules
October 6, 2008
In a recent post we talked about the limits of insurance coverage available for bank deposits in the event your bank, thrift, savings and loan or credit union were to fail. The government “rescue” or “Bail-out” plan passed in early October increased the insurance limits from $100,000 to $250,000. Our earlier blog was specifically focused
