Vanessa Terzian E: vterzian@lagerlof.com PH: 818-864-6174 | Edward Terzian E: consultation@inheritancerecovery.com PH: 818-579-2358
Planning for the “Let’s Hope It Never Happens” Some things are unavoidable. Death and taxes are two items that fit nicely into that category. It’s almost ironic that estate planners deal largely with precisely those two issues (was Benjamin Franklin secretly an estate planning attorney?). Unfortunately, the job of an estate planning attorney is not…
DetailsThe Reciprocal Trust Doctrine Some people are just naturally ingenious. The attorneys who came up with the idea for creating reciprocal trusts belong in that category. First things first: What is a reciprocal trust? Let’s look at an example. Assume that Bilbo Baggins and Frodo Baggins are cousins (I know . . . it’s a…
DetailsGuardianship Planning for Divorced and Blended Families For families of divorce, it may seem pretty clear cut who will raise your children if something happens to you. Absent unfitness of your ex-spouse and termination of parental rights, chances are that if something happened to you, your children would go to live permanently with the surviving…
DetailsQTIP Trusts A QTIP trust, or Qualified Terminable Interest Property trust, is a special type of A/B trust. Have I lost you yet? Not to worry… keep reading! Let’s start at the beginning. An A/B trust is a marital trust system comprised of two trusts, an A trust and a B trust. The A trust…
DetailsTeach Your Kids the Fundamentals of Money Kids generally don’t understand money innately, and until they learn that money must be earned and is in finite supply at any given time, kids are apt to develop a one-way relationship with money and become very good spenders. Those are tough habits to break. They can last…
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