Blog - Page 35 of 39

Monk Law Firm is Growing!

Posted on May 6, 2014

Monk Law Firm, PLLC is excited to announce it's newest addition! Liam Douglas Monk was born on February 27, 2014. Ryan and Michelle are overjoyed. Big Sister Hannah and Big Brother James are over the moon to have a new friend. *photograph taken by Madison Lane Photography, LLC

“Funding the Trust”

Posted on May 3, 2014

What Does the Term "Funding the Trust" Mean in Estate Planning? If you are about to begin the estate planning process, you have likely heard the term "funding the trust" thrown around a great deal. What does this mean? And what will...

Paying for Your Grandchildren’s Education

Posted on April 29, 2014

The bond between a grandparent and grandchild is a very special one based on respect, trust and unconditional love. When preparing one’s estate plan, it’s not at all uncommon to find grandparents who want to leave much or all of their...

What is a Pooled Income Trust and Do I Need One?

Posted on April 17, 2014

What is a Pooled Income Trust and Do I Need One? A Pooled Income Trust is a special type of trust that allows individuals of any age (typically over 65) to become financially eligible for public assistance benefits (such as Medicaid home care...

Refusing a Bequest

Posted on April 5, 2014

Most people develop an estate plan as a way to transfer wealth, property and their legacies on to loved ones upon their passing. This transfer, however, isn’t always as seamless as one may assume, even with all of the correct documents...

Testamentary Trusts vs. Inter Vivos Trusts

Posted on March 28, 2014

The world of estate planning can be complex. If you have just started your research or are in the process of setting up your estate plan, you’ve likely encountered discussions of wills and trusts. While most people have a very basic...

Your wishes in words

Posted on March 16, 2014

During the estate planning process, your attorney will draft a number of legal documents such as a will, trust and power of attorney which will help you accomplish your goals. While these legal documents are required for effective planning, they may...

When will I receive my inheritance?

Posted on March 4, 2014

If you’ve been named a beneficiary in a loved one’s estate plan, you’ve likely wondered how long it will take to receive your share of the inheritance after his or her passing. Unfortunately, there’s no hard or and fast rule that...

A Living Will or Health Care Power of Attorney?

Posted on February 25, 2014

A Living Will or Health Care Power of Attorney? Or Do I Need Both? Many people are confused by these two important estate planning documents. It’s important to understand the functions of each and ensure you are fully protected by incorporating both of...

Utilizing Family Limited Partnerships

Posted on February 14, 2014

Utilizing Family Limited Partnerships as Part of Your Estate Plan Designed to preserve family businesses for future generations, Family Limited Partnerships (FLPs) and Family Limited Liability Companies (FLLCs) can help shelter your assets and reduce overall estate and gift taxes. FLPs...