Thomas H. Sullivan
Attorney at Law
4 Tips for Avoiding a Will or Trust Contest
Posted on: June 3rd, 2019
A will or trust contest can derail your final wishes, rapidly deplete your estate, and tear your loved ones apart. But with proper planning, you can help your family avoid a potentially disastrous will or trust contest. ...
What does a discretionary trust mean?
Posted on: April 22nd, 2019
Sometimes giving assets outright to a beneficiary – such a child, a grandchild or a special needs loved one – is not the ideal method of distributing assets in an estate plan. In such a scenario, a discretionary trust can be a good estate planning tool. Below is some basic information on discretionary trusts and how they may be beneficial to your particular family’s needs....
Just Like You Need a Medical Checkup, Your Estate Plan Needs a Checkup!
Posted on: April 12th, 2019
Whether or not you currently have estate planning documents, one important item to add to your calendar is getting an estate plan checkup....
Is a delayed inheritance really an enhanced inheritance?
Posted on: March 17th, 2019
Whether you have accumulated a little or a lot of wealth over your lifetime, it is likely that you have some particular thoughts on how you would like those assets to be used by loved ones after your death. Maybe you would like the assets to be used as a down payment on a home, be applied toward college tuition, or fund a dream vacation. Unfortunately, without specific guidance from you, money that is left outright to your loved ones probably won’t be used the way you would like....
Is Now the Time to Remodel Your Old Trust?
Posted on: February 7th, 2019
There are several reasons why you should update your existing trust or perhaps your entire estate plan. While estate planning documents do not necessarily have a shelf life, they may not fulfill your goals when your circumstances change. Of course, having estate planning documents that are up-to-date is critical, but how do you know when you should make changes?...
How is a corporate trustee different?
Posted on: January 13th, 2019
In its simplest terms, a trust is a legal arrangement in which a trustee holds and manages assets for the benefit of one or more beneficiaries. The trustee owns the assets, enters into contracts on behalf of the trust, manages the trust’s investments as its trustee, and follows the trust’s instructions on making distributions. A trustee can be one person, multiple people, or a company....