WHAT DO I NEED TO DO?

WHAT DO I NEED TO DO?

By Tim Barkley. January 2016. The voice on the lawyer’s phone was generally steady, but shook now and then. “This is Mrs. Jones. My husband just died last week. What do I need to do?” The lawyer offered condolences – even though he had not known the Joneses, he sympathized with a grieving spouse. Mrs. Jones agreed to meet the lawyer in his office the following day. “What do I do now?” she asked. “He didn’t have a will. I’ve heard that the State...

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NOW WHAT?

NOW WHAT?

By Tim Barkley. December 2013. The phone rang. The voice on the other end was subdued, but firm. “This is Ricky. You met with Susan and me about our mother. My wife just passed away. She had a heart attack and died at work yesterday. I need to know what to do – she didn’t have a will. Is the State going to take everything?” “I’m so sorry,” the lawyer empathized. “There’s nothing you really need to...

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FEEDING YOUR TRUST

FEEDING YOUR TRUST

By Tim Barkley. March 2013. Now that you’ve set up your living trust, you need to feed it to make it grow. In legal parlance, you need to “fund” your trust. The benefits of a living trust – probate avoidance, privacy, efficiency, estate tax avoidance – may be lost if you do not take the time to fund your trust and maintain it. “Funding” your trust means transferring title to your assets to your trust. Funding also includes making your...

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