So that is false. Estate planning is not just for the wealthy. Estate planning is actually for everybody. Truly anyone who is an adult person living in this country should have some kind of estate plan in place. Whether that is a basic power of attorney and healthcare directive or something a little more complex, […]
Living Trust
Trust Basics Continuing the Conversation (Part 2)
Hey there, Bridget MacKay with MacKay Dressler Law Firm. This is a continuous vlog about the five most asked questions in our office. I left this one video recording for this one question because it is such an important one. Because those of you out there who have a trust should listen very closely. […]
Trust Basics: 5 Key Questions Answered (Part 1)
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 […]
Is It Better to Gift a House or Put It in a Trust?
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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 […]
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