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When Should the Irrevocable Trust Be in Place?

by Knee Law | Sep 21, 2021 | Estate Planning, Trusts

There Are Basically Three Reasons to Use an Irrevocable Trust Did you know that an irrevocable ttrust cannot be modified, amended, or terminated without the permission of the beneficiaries? Set up to minimize taxes as well as other reasons, the grantor legally removes...

Is It Better to Update Your Estate Plan Before or After Divorcing?

by Knee Law | Sep 17, 2021 | Estate Planning

When to Start Changing Your Estate Planning Documents After a Divorce If you are involved in one of the 2.4 million divorces happening each year, your estate plan might be the last thing on your mind. It is certainly important to remember to update these documents...

How to Reduce the Chances of Your Children Arguing During Probate

by Knee Law | Sep 13, 2021 | Probate, The Probate Process

Tips for Preventing Sibling Disputes During the Probate Process The average probate takes around nine months, but it can be extended even longer when heirs start disagreeing. An unfortunate reality of estate planning is that some siblings end up arguing about how...

Giving Your Loved Ones the Gift of Avoiding Probate

by Knee Law | Aug 28, 2021 | Estate Planning, Living Trusts, Probate

One big reason that people draw up revocable living trusts is that they want to avoid the probate process. Probate is a court-supervised process that can take several months, or even years, to complete. Then your will is a matter of public record for everyone to see....

Estate Planning Issues When Your Kids Are 18 or Older

by Knee Law | Aug 24, 2021 | Estate Planning, Living Wills, Power of Attorney

You can execute an estate plan at any time in life provided you are of sound mind when you do so. Most people who are well-versed in such issues would agree that devising a solid plan sooner in life is better than later or never at all. If your son or daughter has...
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