Trust Update Newsletter

Life is full of “first” experiences to be cherished, and “first” experiences we may wish we had avoided.

New “first” experiences continue to arise as we age, from wonderful experiences such as the birth of a grandchild to dreaded experiences such as aching joints and adjusting to new physical limits. But we don’t have to touch the stove to learn that it’s hot, we can learn that from others’ experiences too.

Trusts are not as mysterious as most people seem to think, and technological advances have made trust-based financial planning accessible to more and more families. That’s one reason why discussions of trusts seem to be popping up in the popular press more and more.

Today’s investors have more choices than ever for managing their investments—including doing it themselves. In the internet age, access to extensive information and sophisticated tools can make everyone feel like an expert. But not everyone really is an expert.

Cosden’s revocable trust became irrevocable at her death in 2010. The trustees of the trust were Yvonne’s only Yvonne child, Christopher, and Yvonne’s personal assistant and friend, Joseph Horgan…

Trust income shall be paid to my wife at least annually, and the trust remainder shall be paid to my children at her death.” That common phrase, familiar to generations of trust lawyers, sounds simple, but it is not. What is “income”?