Spence Desenberg + Lee, PLLCSometimes a person, who we will call a donor, wishes to leave property in his or her will to a person who is not capable of managing it. The concern is that the recipient may spend the inheritance foolishly, lose it in bad investments or have one of the recipient’s creditors take the property away […]
Pets are an important part of many people’s lives. If you are one of those people, what would happen to your pets if you died or became disabled? What would happen if your spouse is not around to care for the animal? The pet owner needs to provide for two different scenarios. One scenario is […]
People frequently use trusts as part of their financial and estate planning. A beneficiary typically may designate a trust to receive an interest in a qualified defined contribution plan (qualified plan) or IRA on his or her death. The problem is that the trust may not be able to stretch out the distributions from the qualified defined […]