Majors Law Firm P.C.

Providing Skilled Legal Expertise
for 133 Years

Charitable Trusts: How to Give to Charity and Your Family

December 15th, 2015 | Written by Daniel S. Makoski, Esq.

A charitable trust exists in three basic forms: a charitable lead trust, a charitable remainder trust, and a trust with a charitable beneficiary. Each trust provides for a different timing of when a gift will be made to a charity, and thus alters what percentage will be included in your estate.

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What is a Trust? And How Can It Change My Estate Plan?

December 7th, 2015 | Written by Daniel S. Makoski, Esq.

In its most simplistic form, a Trust is a separate legal entity that owns assets for the benefit of another person or entity. As part of your estate plan, a properly drafted Trust is a very effective asset management tool. A Trust bifurcates title in an asset into two categories: legal title and beneficial title.

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Your Spouse Might Not Be Your Beneficiary

March 31st, 2015 | Written by Lori K. MacWilliam, Esq.

Getting married may change many things in your life, but it does not automatically change the beneficiary on your life insurance policy to your new spouse.

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