What Expenses Can Be Paid From an Irrevocable Trust? | AmeriEstate Legal Plan
December 19,
2023

What Expenses Can Be Paid From an Irrevocable Trust?

If you’re considering an irrevocable trust, knowing what is permissible can help you make the right decision for you and your heirs. An irrevocable trust provides a few protections that a living trust doesn’t offer, making it an appealing option under certain circumstances. However, once you establish the trust, you can’t amend, modify or dissolve it without court approval or all your beneficiaries signing off, and you may need both.

Read more


Can a Trustee Sell Trust Property Without All Beneficiaries Approving? | AmeriEstate Legal Plan
December 06,
2023

Can a Trustee Sell Trust Property Without All Beneficiaries Approving?

Trustees have fiduciary responsibility for managing a trust, so they must act in the best interests of the beneficiaries and in good faith. Can a trustee sell trust property without all beneficiaries’ approval? It depends on the trust type and terms. However, in most instances, the trustee does not need approval to sell property held in the trust.

Read more


The 2024 Estate & Gift Tax Exemption - What You Need to Know | AmeriEstate Legal Plan
December 03,
2023

The 2024 Estate & Gift Tax Exemption: What You Need to Know

The Estate Tax and Gift Tax are federal levies imposed on the transfer of an individual’s wealth upon their demise or when a gift surpasses the exempted amount during the donor’s lifetime. Typically, any transfer beyond this exemption threshold incurs a tax rate of 40%.

Read more


Storing Your Estate Planning Documents in a Safe Place | AmeriEstate Legal Plan
December 03,
2023

Storing Your Estate Planning Documents in a Safe Place

Getting organized as the year draws to a close in December sets the tone for a fresh start in 2024. A pivotal part of this preparation should be storing your estate planning documents. Ensuring these critical papers are secure yet accessible becomes an integral aspect of laying the groundwork for a well-prepared future.

Read more


Putting a House in a Trust - An Introductory Guide | AmeriEstate Legal Plan
November 20,
2023

Putting a House in a Trust: An Introductory Guide

If you’re like many, your most valuable asset is your home and it’s one you hope to pass on to your heirs after you die. An important component of estate planning is ensuring a transfer of assets to your loved ones with as little financial and emotional repercussions as possible. Putting a house in trust can accomplish that.

Read more


Caring for Loved Ones with Mental Health Challenges - The Dual Role of Conservatorships and Living Trusts | AmeriEstate Legal Plan
November 17,
2023

Caring for Loved Ones with Mental Health Challenges: The Dual Role of Conservatorships and Living Trusts

Caring for a family member with mental health issues can be a deeply emotional and challenging task.  It involves providing emotional support but also making important decisions about their well-being and financial matters. In these situations, establishing a conservatorship and creating a living trust can play a pivotal role in ensuring the best interests of your loved one.

Read more


Can a Beneficiary Refuse a Trust Distribution? | AmeriEstate Legal Plan
November 06,
2023

Can a Beneficiary Refuse a Trust Distribution?

A great deal of thought goes into designating who inherits your assets. Furthermore, establishing a trust to protect your beneficiaries’ best interests is often a complex endeavor. At AmeriEstate, we want to ensure you have the information and tools you need to safeguard your assets for the future.

Read more