Planning for Blended Families: from Intake to Administration

By WealthCounsel Staff on Nov 4, 2022 10:00:00 AM

Blended Families-Blog (1)

The number of blended families is increasing, as more than 1,300 form every day. In these types of families, one or both spouses have children from previous relationships and they may have children together. Working with blended families will be a common scenario for you as an estate planning attorney (if it is not already), and each family’s plan will be different. The goals of individual family members may be at odds, as not all blended will look like an episode of The Brady Bunch or Modern Family

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Essentials for Funding a Revocable Living Trust

By WealthCounsel Staff on Oct 21, 2022 10:00:00 AM

Essentials For Funding - Blog

A revocable living trust (RLT) is often the best vehicle to preserve an estate planning client’s assets and avoid probate court. However, the process of getting all of the client’s assets safely into the trust (a process called funding) can be laborious. Leaving the process to the client or doing it yourself both have their pros and cons. Keep reading to find out whether you should handle the funding process and learn the best ways to fund your client’s RLT.  

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Adding Right of Occupancy to a Revocable Living Trust

By WealthCounsel Staff on Jan 7, 2022 10:00:00 AM

rightofocc_blog

Family dynamics can change drastically when one member passes away. In particular, if a surviving spouse remarries, the question of what happens to the family home can make dynamics among the children and the new spouse even more complicated.

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