Recent Posts in Trust Posted By Sargent Law Offices 18-Sep-2015 How to Undo a UTMA - Part II The last article discussed some common reasons people have for wanting to dissolve a Uniform Transfers to Minors Act (UTMA) account set up in the past for their kids. Unfortunately, a UTMA is an irrevocable account and legally belongs to your child. ... Continue Reading Posted By Sargent Law Offices 7-Aug-2015 Beneficiaries, Bank Accounts & Wills: Making Sense of the Details Question : My father died many years ago. My mom died last month and my sister says that my mom’s bank account goes to her because she is the only listed beneficiary on the account. My mom’s will says that everything should be split three ... Continue Reading Posted By Hannah Sargent 31-Jul-2015 "5 Ways to Get in Trouble as a Successor Trustee" I recently published an article on Avvo titled "5 Ways to Get in Trouble as a Successor Trustee." The full article can be viewed here. In my article, I outlined five things you should not do as a successor trustee. They are as follows: ... Continue Reading Posted By Hannah Sargent 31-Jul-2015 Why You Probably Don't Need an A/B Trust Anymore Under recent laws passed by Congress – effective 2011 and made permanent in 2013 – spouses now have “portability” of their federal estate tax exemption. This means that the unused portion of one spouse’s exemption can be ... Continue Reading Posted By Hannah Sargent 27-Jul-2015 Choosing the Best Special Needs Trust for Your Circumstances A special needs trust is an excellent way for parents or caregivers to make sure that a loved one with disabilities will be well provided for even after the caregiver’s death. One of the most helpful features of a special needs trust is that it ... Continue Reading Posted By Estate Planning Attorney 30-May-2015 Providing for Children in Estate Planning (Part 3 of 3) Part 3: Trusts and Property Guardianships As mentioned in the previous post, there are three main ways that property is managed for children in estate planning – custodianship under the UTMA, trusts for children, and property guardianships. ... Continue Reading