Trusts Archives - Page 3 of 8

January 25, 2024

Difference Between a Guardian and a Standby Guardian

What is the difference between a guardian and standby guardian? https://youtu.be/vq1rnc2qXM0 Thanks for watching our video about the differences between a Guardian and a Standby Guardian. These two roles are similar yet different and are very important components of your estate plan if you have minor children. So, let’s dig into them a little more. Standby Guardian As we learned in the video a Standby Guardian designation is

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January 16, 2024

Is it Easy to Update My Estate Planning Documents?

https://youtu.be/TgpUlG52MqU Estate planning is a crucial aspect of securing your future and protecting your loved ones. However, as life evolves, your circumstances and preferences may change, prompting the need to update your estate planning documents. In this blog, we will explore the common questions surrounding the ease of updating your estate planning documents and the considerations involved. Is it easy to update estate planning documents? The ease of

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January 2, 2024

Do You Need a Will if You Have a Trust?

Will or Trust? As Sarah shared, we always recommend a Will with a Trust. You may feel like it’s an extra step, but it’s really like having an amazing safety net for your estate plan. https://youtu.be/JrZA225JnWM?si=ohTRTXDQfWNSEvHr You may be coming to this video and article because you already have a trust in place— perhaps it’s been in place for years and was put together by an estate planning attorney,

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December 19, 2023

Should I Leave Money to My Children’s Guardian?

https://youtu.be/2WNFWmrOYLI Should I leave money to my children's guardian? This is a question that I get a lot. People say, "Okay, I wanna leave $15,000, $5,000, $10,000 every year to the guardian. And sometimes they know how this works and sometimes they're thinking this is the money that the guardian will be using to take care of my children. The way things are usually set up with trusts,

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November 21, 2023

What is 706 in Estate Planning?

Maybe you’ve heard the term “706” with friends probating an estate or maybe your financial analyst has mentioned it, but you’re not sure what they mean. This article will hopefully give you a firm grasp on the 706, what it actually is, and what it means for you. What is the 706? The 706 is a tax form: Form 706. The formal name of this form is the "United States

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November 7, 2023

How to Put Your Home Into a Trust

https://youtu.be/EtF0eOPsJxo Thanks for watching our video discussing how to put your home into a trust! We know that Trusts and how assets are put into them can be super confusing! So, we’re here to help this make more sense for you. The first thing you need to know is that you’re not alone! We’re here to help and it’s our job to make this process make sense and

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October 24, 2023

Do I need to move my bank accounts to a trust?

https://youtu.be/6TcaWo3AlzI Now that I've set up a trust, how do I move my bank accounts to a trust? How should they be connected to it? I'm Sarah Siedentopf. I'm an estate planning and probate attorney in Atlanta, Georgia. And this is a question I get a lot. I love to start with a quick answer but this one is not a quick answer because there's almost no right

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October 9, 2023

Who Has the Most Power in a Trust?

Are you nervous about setting up a Trust because you’re afraid you’ll lose power over your assets? Or maybe you already have established a Trust and you’re wondering who holds the most power. Have you been named a Trustee and wonder what powers you hold? Who has the most power in a Trust? Today we are going to take a close look at Trusts and who the power

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September 4, 2023

What Are the Disadvantages of a Will?

While the headline of this article alludes to the disadvantages of a Will as your primary estate planning tool, we don’t want to confuse anyone. A Will is a very important tool in estate planning, and EVERYONE needs one. If you have assets, debts, property of any kind, or anyone that depends on you for care or support, you have an estate and need an estate plan. A

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August 22, 2023

What are the Basics of an Estate Plan?

Maybe you’ve had a recent life event: marriage, divorce, birth, medical diagnosis, or death of a loved one, and it has you thinking about the future. You’re wondering what might happen to your family and all your assets after you die and what are the basics of an estate plan. You’ve come to the right place. What are the basics of an estate plan? First things first: You

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