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Showing posts with the label SpousalTrust

What If Your Spouse Remarries After You Pass?

Build your estate plan online! MyAdvocate is the online solution for creating and maintaining your Will and all other legally-valid estate planning documents. Click the link below to get started! -- This post is for married people who are, at least, a little bit worried that if they leave their estate to their surviving spouse, the estate assets just might wind up in the hands of the surviving spouse's next spouse. Here's an example: Let's say a Husband is considering leaving his $3 million estate to his Wife. But he worries that his Wife might, after he dies, remarry and leave the estate to the next husband. This would, potentially, completely cut out Husband's children that Husband and Wife had and raised together. One option for Husband is to leave his $3 million estate to a trust for the benefit of his wife, and subsequently when Wife dies, to their children. Important decisions are made when Husband sets this up, such as who will be the income benef

Don’t Make This Mistake When Naming Your Trustee

Build your estate plan online! MyAdvocate is the online solution for creating and maintaining your Will and all other legally-valid estate planning documents. Click the link below to get started! -- Many people like the idea of leaving their estate in trust for their spouse. Leaving your estate in trust for your spouse can accomplish the dual objectives of: (1) providing for your spouse; and (2) controlling who will receive the remaining trust assets when your surviving spouse passes away. The trustee that you designate needs to have an understanding of the legal and financial concepts involved in being a trustee. I've broken down your options regarding who should be the trustee of a trust that you establish for your spouse into four options: (1) Your spouse: (2) An individual other than your spouse: (3) A co-trustee arrangement; and (4) A corporate trustee. For prospective law firm clients who want to schedule a free 30 minute initial phone call with Paul Rabalai

Three Ways To Leave Your Estate For Your Spouse

0:00 How To Leave Your Estate To Your Spouse 2:24 Why Providing For Your Spouse in Estate Planning is Important 5:10 Make Things Easy When You Become Incapacitated 10:18 Make Things Easy For Your Spouse When You Pass Away 11:41 Outright to Surviving Spouse 14:30 Leave Estate in Trust for Spouse 20:03 Who Will Be the Trustee of Spousal Trust? 21:45 Income Beneficiary of Spousal Trust 25:06 How Can Spouse Use the Principal of Spousal Trust? 29:45 Combo of Outright and In Trust 31:35 Spouse as Executor and Trustee 32:15 Organize Estate Asset Information 33:17 Federal Estate Tax 34:25 Personal Items and Vehicles Outright to Spouse... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/three-ways-to-leave-your-estate-for-your-spouse/?feed_id=40083&_unique_id=6374d07bd4c56 #Inflation #Retirement #GoldIRA #We