What is Probate Property and What Isn’t?
Everyone talks about probate and avoiding probate, but what is “probate?” And what is “probate property?” Probate is the judicial process through which property you own [...]
When Does a Power of Appointment Cause Property to be Includible in the Power Holder’s Estate?
Question: If I include in my revocable trust a general power of appointment giving my wife the power to decide the beneficiaries of all assets in the trust and she dies before me, does such power [...]
Using Third-Party Trusts for Asset Protection
A prospective client called to ask whether his son who is engaged to be married could protect his assets in the event of divorce. Apparently, a prenuptial agreement is out of the question. I [...]