Estate Planning

Power of Appointment

Photo by zeitfaenger.at is licensed under CC 2.0. A power of appointment generally exists in the context of wills or trusts and provides an individual the right to dispose of certain specified property belonging to someone else. These powers can serve as valuable estate-planning tools, specifically with regard to the estate and gift Read more…

By Garrett Ham, ago
Estate Planning

Charitable Trusts

Photo by Sacca is licensed under CC 2.0.  In previous posts, I have discussed various types of charitable trusts. While the rules governing charitable trusts can be quite complex, charitable trusts are simply trusts set up for charitable purposes. The reasons for setting up charitable trusts are numerous. Obviously, the noblest reason Read more…

By Garrett Ham, ago
Estate Planning

Creating a Trust

Photo by Sarah Joy is licensed by CC 2.0.  In a previous post, I discussed the basics of trusts. In this post, I will continue that discussion by covering the process of creating a trust. Parties to a Trust Creating a trust requires a few necessary parties to the process. Sometimes one Read more…

By Garrett Ham, ago
Estate Planning

Introduction to Trusts

Photo by mblumenthal is licensed under CC 2.0.  In previous posts, I have discussed different types of trusts and the roles they can play in a variety of estate plans. These posts have addressed living trusts, irrevocable trusts, charitable remainder trusts, and gun trusts, among others. In this post, however, I will Read more…

By Garrett Ham, ago
Estate Planning

Duties of a Trustee of a Trust

Photo by Michigan Municipal League is licensed by CC 2.0.  The duties of a trustee are a matter of great legal significance. The trust’s trustee owes the trust and its beneficiaries a fiduciary duty, meaning that the trustee is expected to act solely in their best interest. In this post, I provide Read more…

By Garrett Ham, ago