“Mom promised me the house.” “Dad always said I could have his car.” “Grandma told me that ring would be mine someday.” These kinds of conversations happen in families all the time. A parent or grandparent expresses what they want to happen to a particular piece of property, and everyone assumes the matter is settled….
Welcome to Hot Take Thursday, our weekly series where we ask attorneys at Law Stein Anderson to weigh in on timely legal questions. Welcome to Hot Take Thursday, our weekly series where we ask attorneys at Law Stein Anderson to weigh in on timely legal questions. An estate plan can identify who will inherit a home, investments,…
For many people, a home is one of the most valuable assets they own and one of the most important assets to consider when creating an estate plan. A common estate planning strategy is to place a home into a revocable living trust. But what does that actually mean for the property after the homeowner…
Welcome to Hot Take Thursday, our weekly series where we ask attorneys at Law Stein Anderson to weigh in on timely legal questions. Conversations about aging, incapacity, and estate planning can be uncomfortable for both parents and their adult children. Parents may worry about losing their independence or privacy, while their children may hesitate to appear intrusive…
For generations, the traditional picture of an estate might have included a home, investment accounts, retirement assets, and perhaps a closely held family business. For many high-net-worth families today, that picture looks considerably different. Private equity interests, multiple business entities, investment real estate, cryptocurrency, valuable collections, and other alternative assets may represent a significant part…
It’s time for another Tuesday Tidbit from The Billable Bean. This week, BB is spilling the legal beans on who should know where your estate plan is. The people you’ve chosen to step in don’t need to know every detail of your plan, but they should know that it exists, where the original documents are…
Welcome to Hot Take Thursday, our weekly series where we ask attorneys at Law Stein Anderson to weigh in on timely legal questions. Estate and trust disputes may appear to be about money, property, or the language of a legal document. But beneath the legal questions, there is often something more personal: a beneficiary who feels blindsided,…
By Katie A. Lindsey, Esq. A common misconception about revocable living trusts is that, because a trust avoids probate, there is no urgency to administer a trust after a death. A well-drafted trust is only the beginning. To carry out the settlor’s wishes, protect the trustee and beneficiaries, and avoid unnecessary problems, the trust must…