1. 7 Reasons to Consider a Trust for Your Family

    Do you consider trusts to be instruments of the wealthy?  While it is true that many Americans of means have trusts to protect and pass their wealth, there are a number of reasons why trusts can also be useful for middle-class families. Here are 7 of them: Control distribution of assets. You wouldn’t hand over your car keys to a child who has had no proper preparation f…Read More

  2. How to Pass On Family Heirlooms Without Causing a Family Feud

    The holidays are traditionally the time for family gatherings, where generations come together and perform holiday rituals that have been passed down through the years.  Part of those rituals includes material possessions – a well-worn set of silver at the holiday table, grandmother’s china, or treasured tree ornaments from childhood. When we sit down to that holiday …Read More

  3. Larry King’s Death Highlights the Importance of Updating Your Estate Plan for Divorce and Death – Part 1

    Legendary TV and radio host, Larry King, died at Cedars-Sinai Medical Center in Los Angeles on January 23, 2021 at age 87. Larry was hospitalized in December due to COVID-19, but he’d recently been moved from the ICU to a regular hospital room after recovering from the virus. However, the famed broadcaster suffered from a number of other health conditions over the years,…Read More

  4. 5 Tips For Keeping Kids Connected With Grandparents During the Pandemic

    While the quarantines, shutdowns, and social distancing measures related to the pandemic have been difficult for everyone, the elderly have been particularly hard hit. Since seniors face the most health risks from COVID-19, most of them have been careful to avoid close contact with their family members, and this has left many grandparents unable to visit with their grandch…Read More

  5. Once Your Kids Are 18, Make Sure They Sign These Documents

    While estate planning is probably the last thing on your teenage kids' mind, when they turn 18 it should be their (and your) number-one priority. At 18, they become legal adults in the eyes of the law. You no longer have the authority to make decisions regarding their healthcare, nor will you have access to their financial accounts. With you no longer in charge, your young…Read More

  6. The Perfect Solution for Choosing Your Child’s Guardian

    If you have minor children and have not yet selected a guardian, you are not unlike many parents who put off this critically important task while waiting for the perfect solution to present itself.  Or perhaps you and your spouse/partner cannot agree on who would be the ideal guardian for your kids. Here is your solution:  Done is better than perfect. Especially here. If…Read More

  7. Who Would Care For Your Children If You Got Sick With COVID-19?

    Who Would Care For Your Children If You Got Sick With COVID-19? The pandemic is causing us to consider a lot of things that we may not have before, even if maybe we should have. A colleague of mine tells her personal story this way. One unremarkable weekend, she left her small children with a babysitter and headed out to enjoy dinner at a restaurant with her husband. But a…Read More

  8. Money and Kids

    Money Talk: How Much Will You Share With Your Kids (and When)? In many families, money still is not a typical dinner table discussion, but we think it should be. Surprisingly, this is especially true when it comes to affluent parents. And, we hope to change it because one of the most important things you can do is talk to your kids (and your parents) about money. According…Read More

  9. Planning for the Lifetime Care of Your Children

    Having A Will Simply Does Not Ensure the Care of Your Kids If the Unthinkable Happens! If you are a parent of children who are counting on you, your estate plan must begin with ensuring your children would always be taken care of by the people you want, in the way you want, no matter what happens. At Legacy Trust Counsel one of our areas of greatest expertise is in plannin…Read More

  10. Estate Planning Essentials for Parents

    A comprehensive estate plan can protect the things that matter most. For many, this means their property and their family. Including provisions for the care of your children in your estate plan is essential for peace of mind. But many parents struggle with including such provisions as naming a legal guardian for their child in their plan. Indeed, even the fictional parents…Read More

  11. Protecting Your Newborn

    In the process of becoming new parents, many couples become experts at planning –scheduling the birthing classes, planning the new nursery, even picking out a preschool. There is so much to think about before you welcome your new child. Unfortunately, one of the most important things you can do to protect your child is often overlooked: an estate plan. Here are five impo…Read More

  12. How To Leave Your Home to Your Children

    Many parents want to know the best way to leave a home to their children. Before you make a plan, you should first be sure that your children actually want the property. We have seen too many parents take on unnecessary financial hardship in order to keep a home as an inheritance their children do not truly want. That said, here are some of the most common ways to leave yo…Read More