What is the best way to hold membership interests? This question often arises when people are forming a new business. It doesn’t matter whether it is a corporation, LLC, or limited partnership, the membership interests should be held in a living trust. How you hold the interests
Estate planning mistakes are something I see all too often in my job as an attorney. It seems like weekly I have a client come into my office with an “estate plan” that is going to solve all of his problems. Usually it is, NOT SO!! Most
Avoid Probate – Overview Avoid probate and the time delay and expense if a loved one passes away or becomes incapacitated. Here comes the probate trick. When your bank account is owned by your trust, i.e., it is in the name of your trust, and you die,
You can have more than $250,000 at one insured bank or savings association and still be fully insured provided the accounts meet certain requirements. For instance, if you have a joint account then each person listed on the account can have $250,000. This is where living revocable trusts fit in. A living revocable trust account at an FDIC insured bank can have more than $250,000 as long as it has more than one beneficiary.
