Blog Category - Trusts

Name: Strauss Attorneys PLLC
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Oct

LifeBinder and EstateCare: Keeping Your Estate Plan Organized, Accessible, and Current

Signing your estate planning documents is a major milestone, but it is not the finish line. When a medical emergency, natural disaster, or death occurs, your family will need more than a signed will or trust. They will need to know where your documents are, what accounts you...

Oct

Not Every Heir Wants to Inherit: A Lesson in Wills, Trusts, and Family Peace

The Great Wealth Transfer, a term describing the movement of wealth from older generations to younger ones through inheritances and other financial gifts, is underway. 1 However, that does not mean every heir will receive a share. Some may receive nothing because their parents spe...

Oct

When a Trustee Becomes a Burden: Knowing When to Remove Them

The role of trustee carries significant responsibility. A trustee must not only honor the trust creator's wishes but also manage assets for the benefit of the beneficiaries with accuracy, transparency, and fairness. While being named as trustee reflects confidence and trust...

Oct

Your Family Is Not One-Size-Fits-All; Your Estate Plan Shouldn’t Be, Either

What comes to mind when you think of the typical American family? Today's families take many different forms: Some are blended through divorce and remarriage while others are built through long-term partnerships, adoption, or fostering. Families may include same-sex o...

Oct

Have You or Your Loved Ones Used These Excuses to Avoid Estate Planning?

We all have those nagging to-do items that never seem to make it to the top of our list, even though we know how important they are. Maybe it is scheduling a checkup with the doctor, calling the HVAC company to inspect that noisy furnace, or starting the fitness routine you keep ...

Oct

Why a Trust for Your Child Should Mature with Your Child

From the moment a child is born, a parent feels an instinctive drive to protect and nurture. We childproof our homes, choose the best schools with care, offer guidance through adolescence, support their career ambitions, and watch with pride as they build lives of their own. That...

Oct

Planning for the Unthinkable: Essential Tools for Parents of Minor Children

Did you know that roughly 75% of Americans don't have a basic will 1? Even more concerning is that many of these individuals have children under the age of 18, leaving their families vulnerable to unnecessary legal complications and uncertainty. Estate planning is often mis...

Oct

Do It Now: Name a Guardian for Your Minor Children

We know it is difficult, even horrific, to imagine someone else raising your children. However, you must consider who you would choose to fill this important role. Otherwise, a judge—a stranger who does not know you or your wishes, your child, or your relatives and friends&...

Oct

What to Do with Grandma’s Ring: Dividing Personal Property in an Estate

If you have a beloved late grandmother, many images and memories may come to mind when you reminisce about her. You might picture her at her home or at the family vacation house during the holidays. Your memory could be a special meal that only she prepared for you or a place she...

Oct

Won’t My Spouse and Kids Inherit Everything When I Die?

You may think that if you die while you are married, everything you own will automatically go to your spouse and children. But you are actually thinking of state rules that apply if someone dies without leaving a will. In legal jargon, this is referred to as dying intestate. In t...

Oct

What Is a General Power of Appointment?

Your family, the economy, the law, and society can change rapidly and unexpectedly, affecting your best-laid estate plans in unpredictable ways. To achieve your estate planning goals, you need a plan that can keep up with the changes. And few estate planning tools provide more fl...

Oct

Preparing Your Senior for the Real World

High School Seniors Can Use a Starter Estate Plan The long, carefree days of summer are nearing an end. If you have a high school senior at home, childhood is also coming to an end for them as they prepare to graduate, turn 18, and enter the “real world. ” You have don...

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