by Susan Grissom | Jul 5, 2022 | Estate Planning, Wills & Trust
When planning your estate, you have several choices in trusts to reduce the taxes on your estate after you die. A Qualified Personal Residence Trust (QPRT) is one such vehicle. The QPRT is an irrevocable trust with an expiration date. It allows you to transfer your...
by Susan Grissom | Jun 21, 2022 | Estate Planning, Wills & Trust
After moving to a new state, one of the first things you should do is meet with an attorney to determine if an update to your estate plan is needed. Every state has its own laws regarding estate planning. Documents such as powers of attorney, advance directives and...
by Susan Grissom | Jun 14, 2022 | Estate Planning, Wills & Trust
The love of a grandparent for a grandchild is a special love. If you are a grandparent and considering making gifts to your grandchildren, there are several options for doing so. In this blog, we touch on a few of them. Education and Medial Costs. While the IRS limits...
by Susan Grissom | Jun 7, 2022 | Estate Planning
There are a lot of misconceptions about inheritance (see our blog on estate planning myths: https://grissomlawfirm.com/estate-planning-probate-myths/. In an effort to avoid probate, or to make things easier for family members who are caring for aging parents,...
by Susan Grissom | May 31, 2022 | Estate Planning
As part of your estate plan, we generally include the necessary deed preparation to put your real properties into your trust. Our firm files a quitclaim deed placing legal ownership of any real estate from your name as an individual to you as trustee. In the case of...
by Susan Grissom | May 24, 2022 | Estate Planning
When you can no longer care for yourself, and you do not have family nearby that can help you, you might have to make the decision to go into a nursing home, assisted living, or age restricted community where you rent but do not own. But, what do you do with your...
