Friday, December 10, 2010 Press Coverage of Estate Planning this Week (December 10, 2010)
Stephen J. Dunn of Forbes provides an overview of estate planning basics, including what a will accomplishes and why it is essential to have one, a way to avoid probate through living trusts, and some advantages of irrevocable trusts. See Estate Planning Overview and Objectives (Dec. 10, 2010).
Maria Baler of Wicked Local Dedham discusses reasons why a revocable living trust makes sense for specific situations, such as ensuring children don’t inherit a cash windfall at age 18, minimizing time and expenses related to settling an estate, and minimizing federal and state estate taxes. See 5 Reasons to Create a Revocable Living Trust As Part of Your Estate Plan (Dec. 5, 2010). |