On behalf of Sikov and Love, P.A. | Feb 6, 2020 | Trusts
One of the concerns people grapple with in their estate planning is the ability to change their estate plans when circumstances warrant. Sometimes people want to change their wills to reflect new priorities. Similarly, people may set up a Totten trust but after some...
On behalf of Sikov and Love, P.A. | Apr 26, 2019 | Probate and Estate Administration, Trusts
Whether you are in the process of organizing your estate and making plans as to what will happen with your property once you pass, or you are dealing with the aftermath of a friend or family member’s passing, you may be faced with some difficult issues. One of...
On behalf of Sikov and Love, P.A. | Dec 12, 2018 | Trusts
More pet owners are creating pet trusts that ever before. Unlike you might think, they are not just for the super wealthy. Pet trusts are created like any other trust. Once you determine the amount of money you wish to leave for the benefit of your pet, you need to...
On behalf of Sikov and Love, P.A. | Apr 11, 2017 | Trusts
Trusts may be helpful for special needs individuals, regardless of their ages. Often, it is believed that only older people might require residence in a nursing home, but there are conditions and illnesses that make it necessary for younger special needs people to...
On behalf of Sikov and Love, P.A. | Mar 6, 2017 | Trusts
A trust, or legal instrument that transfers title from an owner to a trustee to administer on behalf of the beneficiaries, can complement financial planning in a variety of areas: retirement, long-term care needs, and estate plans. A law firm that focuses on estate...
On behalf of Sikov and Love, P.A. | Feb 22, 2017 | Trusts
A goal of estate planning for many parents is to leave assets to adult children and other heirs. In some cases, however, parents may worry about the possible negative consequences of doing so. Consider these statistics: According to a recent report issued by U.S....
On behalf of Sikov and Love, P.A. | Oct 3, 2016 | Trusts
For any parent, providing for the basic and higher needs of a child is a top priority. As a child grows, a parent’s list of concerns typically evolves from worrying about and providing for a child’s basic needs and physical safety to ensuring that a son or...
On behalf of Sikov and Love, P.A. | Apr 12, 2015 | Trusts
Trusts of various types have been described in the last several blogs – Revocable, Irrevocable, Testamentary and Special Needs. There are other types of trusts as well, such as those for charities, pets, or education. Whether or not Trusts are right for your...
On behalf of Sikov and Love, P.A. | Apr 5, 2015 | Trusts
Special Needs Trusts are funded with the assets of a special needs or disabled beneficiary and are intended to preserve eligibility for Medicaid (Medical Assistance), Supplemental Security Income (SSI) and other government benefits. The beneficiary may have obtained...
On behalf of Sikov and Love, P.A. | Mar 29, 2015 | Trusts
Testamentary Trusts are trusts that are in a Last Will and Testament. These Trusts have Settlors (who set up the Trusts by writing them in their Wills), Trustees (who manage the Trusts after the Testator passes away and the estate has been administered) and...
