Month: June 2022
The process of administering a trust
A trust is a beneficial estate planning tool as it allows one to set aside and protect his or her assets for a specific use. When putting assets in a trust, the individual is placing control over those assets in the hands of a third party. The third party oversees and...
Life Insurance Proceeds are Not Always Treated the Same
A recent case illustrates the importance of the selection of life insurance to ensure that payments for the benefit of children and a spouse will occur. In Stevens v. Stevens, Kimberly and Gene dissolved their marriage in 2015. Gene agreed to provide that their...