Hi I’m Wes Coulson, and this is your Estate Planning Minute. One of the questions that we get frequently for people for whom we establish trusts is whether they should name a family member as trustee or a corporate trustee like a bank or a trust company. My quick answer is that it depends, and […]
Why Second Marriage Spouses Need A Living Trust
Hi, I’m Wes Coulson, and this is your Estate Planning Minute. If this is a second or subsequent marriage for you, and you have children from a previous marriage, you really need to plan your estate with a living trust, and not a will, and here’s why: In All likelihood, if you die before them […]
Estate Planning & Elder Law Minute: Not all Financial Powers of Attorney are Created Equal
Hi, I’m Wes Coulson and this is your Estate Planning and Elder Law Minute. One of the great myths about Powers of attorney is that the only real question is whether you have one or not. Truth of the matter is, not all financial powers of attorney are created equal. They give the authority […]
Finally – Some New Year’s Resolutions you can Keep!
Estate Planning and Asset Preservation Planning The problem with most New Year’s resolutions is that they usually end up being just too darn hard to keep. Sure, I definitely want to lose some weight, but gosh, those brownies do look tempting! Sure, I want to spend less time watching sports on TV, but now there’s […]
Do Gift Recipients Have to Pay Taxes?
Do Gift Recipients have to Pay Taxes? Do Gift Recipients Have to Pay Taxes? Transcript: Hi this is Wes Coulson and this is your estate planning and elder law minute. One of the questions that we get frequently relates to whether there are taxes on gifts. Quick answer is, that 99% of the time, no. […]
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