The Riddle Firm, PLLC

Estate Planning and Elder Law Blog Digest

Arkadelphia, Hot Springs and Little Rock, Arkansas

A trustee holds great responsibility. However, there are times when replacing them is necessary to protect the interests of the trust and its beneficiaries.
Trusts are powerful estate planning tools that can protect assets, guide distributions and provide flexibility for a wide range of family goals.
Trusts are a powerful estate planning tool. However, they are not always immune to lawsuits—understanding the risks is key to protecting your legacy.
The first thing that happens depends on what type of trust the grantor had established.
One family got lucky. After noticing that the elderly grandfather’s wallet was often missing cash, an uncle who worked in a bank and had access to dye packs used to catch bank robbers inserted one into the gentleman’s wallet. A trusted home care worker had the dye on her coat. Not everyone has such an uncle. However, there are steps families can take to protect older Americans, who are preyed upon by scammers and thieves. A recent article from The New York Times, “How to Prevent Aging Parents and Relatives From Making Financial Mistakes,” shares several pointers for family members.…
Medicaid planning is not about giving up control but protecting your choices later in life.
Living trusts can offer flexibility, privacy and control when they are properly integrated into a broader estate plan.
A popular way to avoid probate is a living trust, which many people consider one of the better routes to take.
A trust can provide financial protection, privacy and flexibility in estate planning. However, it’s not the right estate planning solution for everyone.