Keystone Lawfirm and Wealth partners

Securing Your Legacy: Is a Dynasty Trust a Good Idea?

Posted on: April 14th, 2018 by Sheryl Keeme   Trusts

The word “dynasty” is all about family. In Dynasty, the dramatic television show from the 1980s, two families feuded over family and fortune. Ancient and modern political dynasties maintained power and control among leaders from one family. In estate planning, the word “dynasty” is used in connection with a trust created to keep money in […]

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How to Transfer Real Property to a Living Trust

Posted on: April 5th, 2018 by Sheryl Keeme   Estate Planning  |  Trusts

Jenna’s estate planning attorney suggested she create a living trust. It seemed like the best way for her to pass her property to her heirs. She was confused, however, when her lawyer said she had to ‘transfer’ her real estate to her trust. Wasn’t it enough just to create the trust? No, Jenna needed to […]

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Qualities to Look for in a Trustee

Posted on: March 30th, 2018 by Sheryl Keeme   Trusts

At some point in your estate planning, you’ll need to choose who will serve as personal representative or agent. If you’re establishing a trust, of course, you’ll need a trustee. When it comes time to name names, will you know what qualities to look for in a trustee based on their responsibilities? Willingness to Commit […]

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Trust-Based vs. Will-Based Estate Plan

Posted on: March 29th, 2018 by Sheryl Keeme   Estate Planning  |  Trusts

The names really say it all, at least on the surface. A “will-based” plan is, of course, based on a Will. And a “trust-based” plan revolves around a trust. No surprises there, right? But when it comes time to develop or update your estate plan, do you know which one is right for you? The […]

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Do I Need a Lifetime QTIP Trust?

Posted on: March 26th, 2018 by Sheryl Keeme   Trusts

You may not spend a lot of time thinking about Lifetime QTIP trusts. In fact, it’s very likely you’ve never heard of one. However, for the right person, this type of trust can be a very powerful tool that helps cement your legacy with your family. But, first, you need to know a little more […]

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The Irresponsible Heir: How to Protect Your Loved Ones from Themselves

Posted on: March 16th, 2018 by Sheryl Keeme   Estate Planning  |  Trusts

Loving our family members doesn’t mean turning a blind eye to their faults, especially if those faults could have long-term adverse consequences. Some people just need to be protected from themselves, from their own bad habits or lack of judgment. Fortunately, there are estate planning tools that can help you provide long-term benefits to any […]

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The Difference Between a Revocable Trust and an Irrevocable Trust

Posted on: March 12th, 2018 by Sheryl Keeme   Trusts

Trusts are a common estate planning tool, but choosing the right type of trust can be tricky. Some types are designed for specific situations, like a special needs trust or a pet trust. Others, like revocable and irrevocable trusts, offer great benefits – along with some restrictions and limitations. Knowing the difference between a revocable […]

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Remembering Fido: How Pet Trusts Work

Posted on: March 9th, 2018 by Sheryl Keeme   Trusts

About 68 percent of families in the United States own at least one pet. So many people consider their pets to be part of the family that the term “pet parents” is commonly used. It’s only natural then that people might worry who will care for their beloved dogs and cats when they no longer […]

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Why Our Clients Create Trusts

Posted on: March 8th, 2018 by Sheryl Keeme   Trusts

At Keystone Law, we usually don’t have to wonder why our clients create trusts – we know. Trusts have become a popular estate planning tool for many people for good reason. But deciding to use a trust is not like choosing the trendiest watch or most fashionable pair of shoes. Creating a trust can have […]

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Funding Your Trust: What You Need to Know

Posted on: February 19th, 2018 by Sheryl Keeme   Trusts

The person who creates a trust is called a trustor or a settlor. Once the ink is dry on a trust document, the trustor may think their work is over. Not true. The trust is just like an empty vessel that needs to be filled up. If you’ve created a trust, here’s what you need […]

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