Hey there, everyone. This is Bridget MacKay from MacKay Dressler Law Firm, and I just wanted to answer some of the most common questions we get about trusts. So, the first one is, will a trust avoid taxes? And that answer is sort of maybe, mostly no. So, your regular income taxes that you […]
Living Trust
Is It Better to Gift a House or Put It in a Trust?
To view the rest of our video blogs, subscribe to our YouTube channel: https://www.youtube.com/@mackaydressler
Trust Protectors and Estate Plans
If you have never heard of a trust protector, you are not alone; the role is relatively new to trust and estate law. A trust protector can be a valuable part of your estate plan, and it may be worth considering appointing one. The Role of a Trust Protector In general, the trust protector’s […]
Choosing Beneficiaries: A Simple Guide
A beneficiary is a person or entity you designate to receive financial assets upon your death. You have the authority to name beneficiaries for accounts you own, such as life insurance policies, retirement plans, brokerage accounts, and checking or savings accounts. These designations take precedence over any instructions in your will. Conversely, without a designated […]
Trusts: A Tool for Protecting and Managing Assets
A trust is a legal entity that holds assets for the benefit of a person (either you or someone else) or an organization. It functions like a container, holding money or property under a different legal definition than if you held it on your own. Every trust arrangement involves three key parties: Trusts are established […]
Should I Leave My Child a Buck?
Even the most meticulous parents can overlook important details when drafting their wills and allocating their estates. While the amounts left to beneficiaries may vary, the significance of precise wording should never be underestimated. Parents might even wonder: should I leave my child a buck? Conscientious parents might draft their wills after the birth of […]
See Larger Map Get Directions