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Tag: Trusts

What to Consider When Setting Up Trusts for Children

Thursday, 31 October 2019 by HJ
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Part of being a parent involves ensuring your children are secure financially when you pass away. This is the reason why it is paramount to pursue estate planning early on when your children are still minors. Many parents have discovered the benefits of trusts for children, and you may want to consider placing your assets
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What are “Spare Tire” Provisions in a Trust?

Wednesday, 31 January 2018 by HJ
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Well-drafted and comprehensive trusts should contain certain language we often refer to as “spare tire” provisions. For example, you might not have any beneficiaries now who are receiving government benefits based on a disability. Things such as Supplemental Security Income (SSI) or Medicaid. The reality is that we are all one accident away from disability.
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