The Biggest Mistake Parents Make When Setting Up a Trust Fund
As parents, securing our children’s future is an enormous responsibility. We want to set them up for success, not squander their potential through our own mistakes. So, when it comes to creating a trust fund, it’s natural to feel anxious. Trusts involve many complex decisions – appointing trustees, setting distribution rules, and planning for contingencies. It’s easy to hand over…
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How to Set Up a Trust Fund for a Child
As a parent, you naturally want to ensure your child's future well-being and success. One option many parents consider is setting up a trust fund. Trust funds can be powerful tools, but they involve some complex legal and financial considerations. In this article, our estate planning lawyers will walk through the key steps involved in setting up a trust fund…
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Can A Special Needs Trust Be Revocable?
It isn't unusual for a trust to be created that is designed to offset some financial concerns an individual with special needs has. The trust, which is legally referred to as a special needs trust, is worded in such a way that it provides the recipient with an income that does not negatively impact their ability to receive public assistance…
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Does A Trust Avoid Probate In North Carolina?
Nobody wants to think about the things they need to take care of before they die or how to divide their property before they pass. But, for many families, taking care of these daunting tasks can make life much more manageable after their loved one passes away. That is why in the below post, we will discuss not only whether…
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Cary Estate Planning Lawyer Paul Yokabitus Says an Estate Plan is a Spring Cleaning List Must Have
[Cary, NC, May 2022] — Cary Estate Planning Lawyer Paul Yokabitus reminds everyone that an estate plan is much broader than simply drafting a will. An estate plan creates a family's financial safeguard. Estate planning helps preserve family assets, and maintains the family's legacy as the deceased designed it. An estate plan can also minimize the waiting time for distribution…
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