Testamentary Trust Frequently Asked Questions A testamentary trust is a type of trust that only comes into existence through the probate process. In this article, we will go over five frequently asked questions about testamentary trusts. What is a Testamentary Trust? A testamentary trust is a type of trust that is created through a [...]
Medicaid Asset Protection Trust A Medicaid Asset Protection Trust can help you to qualify for your long-term Medicaid care when you have assets in excess of their limits, without spending those assets down. By transferring assets into this type of irrevocable trust they protect them from being counted against you for eligibility purposes. In [...]
10 Steps to Start a Business in Arizona Starting a business is different in every state. In this article, we will hone in on the 10 steps to start a business in Arizona. 1. Choose a Name The first step in starting a business is to choose a name. You will want to come [...]
Limited Liability Company Frequently Asked Questions A limited liability company is a business structure that millions of businesses use. In this article, we will answer 8 limited liability company frequently asked questions. 1. What is an LLC? A limited liability company, or LLC is a popular type of business structure. It creates an entity [...]
Living Trust Frequently Asked Questions A living trust is a very useful estate planning document and is a piece in the puzzle of a complete estate plan. In this article, we will go over 5 living trust frequently asked questions. 1. What is a Living Trust? A living trust is a legal entity that [...]
Frequently Asked Questions About Special Needs Trusts A special needs trust is a unique type of trust that allows a disabled individual to receive supplemental support without putting their eligibility for government benefits in jeopardy. In this article, we will go over 7 frequently asked questions about special needs trusts. 1. What is a [...]
Qualified Terminable Interest Property (QTIP) Trust A Qualified Terminable Interest Property Trust, or QTIP Trust, is a type of irrevocable trust. It allows you to provide for your surviving spouse while still providing for secondary beneficiaries, such as children from a previous relationship. In this article, we will go over the basics of how [...]
Transferring Accounts at Death Transferring accounts at death can be accomplished a few different ways. The first is to name a living trust as the owner of the account. The second is to use a POD or TOD designation. POD stands for payable on death, this is typically used to transfer bank accounts to [...]
Estate Planning for Unmarried Couples When you are in an unmarried relationship there are extra steps you need to take to protect each other. You are not automatically set up as each other’s beneficiaries. Additionally, you would have no rights if a probate was involved. In this article, we will go over the basics [...]
Spendthrift Trust A spendthrift trust protects your assets from being wasted by a beneficiary who is a reckless spender. This type of trust lets you distribute assets to your beneficiaries under specific conditions. In this article, we will go over the basics of how a spendthrift trust works. People Involved There are three sets [...]
