For many individuals in New Hampshire, creating a comprehensive estate plan involves more than drafting a Last Will and Testament. While a Will provides the for transferring assets and naming guardians, it does not always offer the level of control, protection, or tax efficiency that more advanced planning tools can provide. One of the most powerful additions to an estate plan is a trust. When considering whether to include a trust, you must decide whether it should be revocable or irrevocable. … [Read more...] about Advantages and Disadvantages of Incorporating an Irrevocable Living Trust into Your New Hampshire Estate Plan
Are Irrevocable Trusts Really Irrevocable – Part I
For many years Estate Planning attorneys touted irrevocable trusts as an immutable way to set an estate plan in stone. As more and more states have adopted the Uniform Trust Code that has changed. Provisions of the Uniform Trust Code allow for modification of an otherwise irrevocable trust which has altered the landscape of Estate Planning. Irrevocable Trusts have long been an effective, albeit static, estate planning tool, with the ability to alter irrevocable trusts, they provide more … [Read more...] about Are Irrevocable Trusts Really Irrevocable – Part I
