by Madalyn Davis | Nov 26, 2019 | Estate Planning, Wills & Trust
Our clients often inquire whether their trust owned accounts are insured by the FDIC. The FDIC is the Federal Deposit Insurance Corporation and ensures stability in the U.S. financial system by insuring deposits in bank accounts, trust accounts, and institutions in...
by Madalyn Davis | Nov 19, 2019 | Estate Planning, Uncategorized, Wills & Trust
You just executed your new Revocable Living Trust and you are ready to fund it and are wondering how to do so. In our article last week, we discussed funding your trust with your bank accounts https://grissomlawfirm.com/fund-trust-bank-accounts. Another aspect of...
by Madalyn Davis | Nov 12, 2019 | Estate Planning, Wills & Trust
Perhaps you just created a Trust, or maybe you’ve had one for years but never funded it. Either way, now is the time to review that Trust and see what exactly is in it. One purpose of a Trust is to avoid probate, but that is only possible if your Trust has been...
by Madalyn Davis | Oct 29, 2019 | Estate Planning, Wills & Trust
Have you wondered if you really need to make a Will? We are asked this question many times by people who are trying to decide if they want to spend the time and money to make a Will. To make this decision, it is important to understand what a Will does as well as what...
by Madalyn Davis | Oct 22, 2019 | Estate Planning, Probate, Wills & Trust
An important part of estate planning is understanding what your assets are and which assets are subject to probate (“Probate Assets”) versus which are not subject to probate (“Non-Probate Assets”). Probate Assets are assets that are controlled by the terms of a Will...
by Madalyn Davis | Oct 15, 2019 | Estate Planning, Wills & Trust
Grief causes people to react in ways we wouldn’t expect or anticipate. Things that seem small, personal mementos and items of sentimental value, are often the biggest cause of family fighting. Whole estates have been drained as children spend money on hiring attorneys...
