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You should check and update your estate planning documents at least once a year and whenever there has been a change in marital status, family members have left or entered the picture, or the tax laws have changed.      #TuesdayTip  

Did you know that there are two main categories of trusts: revocable and irrevocable. One of the primary differences is that a revocable trust can be changed at any point throughout the Grantor’s life. The type of trust you need will depend on your estate planning goals.   #TuesdayTip  

A “pour over” Will works together with a Revocable Trust so that any assets that are not in your Trust at the time of your passing end up in your Trust after the probate process is over.      #TuesdayTip  

Did you know that the state in which your Trustee resides may impact the taxation of your Trust? To learn more about this, check out Attorney Robin Lloyd’s new article in the upcoming edition of Portfolio magazine.  #TuesdayTip