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Essential Elements of a Will and Living Trust, Part II

Posted by Scott Schenking | Aug 20, 2021 | 0 Comments

Essential Elements of a Will or Living Trust Part II In this article, we will continue to explore the factors that we review for each of our clients when preparing your Will or Living Trust. Residue of the Estate A residuary clause is the final dispositive provision of a will or a trust. The r...

Essential Elements of a Will and Living Trust, Part I

Posted by Scott Schenking | Aug 19, 2021 | 0 Comments

Essential Elements of A Will and Living Trust. This article outlines the factors that we review for each of our clients when drafting a Will or Living Trust. While Wills and Revocable Living Trusts ("trusts") are very dissimilar, there are a great many provisions that should be found in both do...

Path 2: Gift It All Away During Your Lifetime

Posted by Scott Schenking | Aug 11, 2021 | 0 Comments

In various forms gifting away your entire estate can seem a reasonable and rewarding option.  You may have a very small estate and believe that simply gifting it now will prevent any issues later, or you have a larger estate and want to gift now to reduce estate taxes.  In either case, gifting will result in a total loss of control and may not provide the result you intended.

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