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Rod Sutherland

Professional Trustee

Many individuals who establish trusts choose to name a close friend or relative as trustee.  However, there are many situations where naming a corporate fiduciary (a professional trustee) is a far better alternative.

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Rod Sutherland

Common Estate Planning Myths

Estate planning can be a very difficult process. Making the decision to move forward with the planning requires you to make estate plan decisions with your attorney.

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Rod Sutherland

TRIGGER LIST

1. Protections for family members (against divorce, creditors, spendthrift behavior, etc.). 2. Disability – Special Needs Trust – this will allow a disabled beneficiary to continue tor eceive SSI and Medicaid 3. Divorce – redo estate plan; guaranty that your children will inherit your estate

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Rod Sutherland

Five Common Mistakes with Living Trusts

A properly prepared and funded living trust has many benefits, including avoiding court interference at death and incapacity. But people often make mistakes that prevent their trusts from working the way they intended.

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Rod Sutherland

Tips For Helping Families With Special Needs

This article examines the unique planning requirements of families with children, grandchildren, or other family members (such as parents) with special needs. There are many misconceptions in this area that result in costly mistakes in planning for the special needs beneficiaries. It is therefore very important to ensure that our clients understand all of their options.

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Rod Sutherland

Incentive Trusts

Some of my estate plan clients are concerned not only with transmitting their estates in a tax-efficient manner, and with the protections a trust affords, but also structuring their estate plans such that the lives of their children (and, perhaps, grandchildren and more remote descendants as well) are truly enhanced when they become beneficiaries.

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Rod Sutherland

Three Reasons Why Joint Accounts May Be a Poor Estate Plan

Many people, especially seniors, see joint ownership of investment and bank accounts as a cheap and easy way to avoid probate since joint property passes automatically to the joint owner at death. Joint ownership can also be an easy way to plan for incapacity since the joint owner of accounts can pay bills and manage investments if the primary owner falls ill or suffers from dementia.

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