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Why Your Estate Plan Needs a Trust

Trust - Singh Law Firm

We often meet with individuals who have gone to the trouble of establishing a last will and testament—and they assume this is all they need for their estate plan to be set. Actually, while having a will is an important start, it’s rarely sufficient. More often than not, it’s also wise to establish a trust, […]

Should You Serve as a Trustee?

Should You Serve as a Trustee

It’s an honor when your friend or family member asks you to serve as their trustee. What that means is that they are entrusting you to properly handle key assets upon their death—suggesting that they view you as someone who is trustworthy and responsible. With that said, serving as a trustee isn’t something you should […]

Why a Will is Not Sufficient

One of the most common misconceptions about estate planning is that simply having a will in place is sufficient to dispose of an estate and avoid probate court. In most cases, this simply isn’t true. The will, after all, exists to lay out the individual’s wishes for the distribution of his/her estate—but the will itself […]

Special Provisions for the Spendthrift Child

After you have passed, will your beneficiaries use their inheritance in a manner you intended for it? Or will they squander/waste it foolishly? How are they today at managing their own money? That may give you some idea as to how their inheritance will be spent after you are gone. Evaluating the maturity, spending habits, […]