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Mackay Dressler Law Firm

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Estate Planning

Incentive Trusts: Can They Work For You?

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  Incentive trusts, like other trusts, are established by a grantor who names a trustee and funds the trust with the grantor’s assets. The difference between incentive trusts and other trusts is that distributions are made only when a beneficiary achieves certain contingencies — such as attaining a college degree or getting married — that […]

Take These Precautions to Prevent an Estate Challenge

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Have you made an inheritance planning decision that will sit well with someone who will be expecting a bequest? If you answer this question in the affirmative, you should take certain steps to prevent an estate challenge, and we share them in this post. Do not die without a will or trust. Intestacy is the […]

A Message from the Murdochs

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Art often imitates life and the latest drama surrounding Rupert Murdoch demonstrates that. Most of the time, when an individual creates an irrevocable trust, they part with dominion and control over the assets, and it is difficult to change the terms. Not long ago, Rupert Murdoch filed a petition in Nevada probate court to change the terms of an irrevocable trust that was originally created in 1999.

Revisiting Your Estate Plan: Why Regular Updates Are Essential

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When you create an estate plan, it’s natural to feel a sense of accomplishment and relief. After all, you have taken an important step in securing your family’s future. However, estate planning isn’t a one-time task. Your initial plan reflects your life at the time it was made, but life is full of changes. Regular […]