Tag Archives: Trust

A Cautionary Tale

  Last week I met with a delightful couple in their early 80’s with a big problem.  Over 10 years ago, at the urging of their four children, these folks transferred to their kids a so-called “remainder interest” in the … Continue reading

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My Resolutions and Yours

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            As I write this, it is still December.  When you read it, it will likely already be January.  December is a time for reflection; January is a time for new resolutions.  Let me tell you my resolutions and suggest … Continue reading

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Taking Stock During the Holidays

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For many of my clients, Thanksgiving is the best holiday of the year.  The kids fly or drive in for dinner or a more extended stay.  A child living in the area has often assumed the meal management duties.  The … Continue reading

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Do You Want To Keep The Cottage In the Family? Plan For It Now

            Have you been to your cottage on the Cape recently?  Or perhaps your place in Maine, or on the lake in New Hampshire, or the getaway in the Berkshires?  Wasn’t it great to see your children and grandchildren, enjoying … Continue reading

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Should You Share Your Estate Planning Decisions With Your Children?

You have just finished signing your new estate planning documents. Should you inform your children about your decisions, or better yet, give them copies of your documents? There is no right or wrong answer to this question, and lots of … Continue reading

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More on Drafting for Flexibility: Providing Guidance to the Trustee

Most Trusts give the Trustee broad discretion in making investments, dealing with Trust assets, making distributions to beneficiaries, etc. Usually the Grantor of the Trust has strong opinions about how the Trust should be used for the beneficiary. Distributions can … Continue reading

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More on Drafting for Trust Flexibility: Powers of Appointment

One of the best tools to provide flexibility for the future is the use of powers of appointment. These can be “general” (appointees can be anyone, including your creditors, your estate and your estate’s creditors) or “special” (limited to a … Continue reading

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