It's irrevocable: Picking a trust is tricky

Legal Corner by Paul A. Brule

    A client recently asked how many different kinds of trusts are there. It sounds like a straight forward question, but the answer is quite complicated. It’s like asking how many different types of motor vehicles are there. We are all generally familiar with motor vehicles, but I presume such a question might draw a number of different answers. You could say that, fundamentally, there are two kinds of motor vehicles, cars and trucks. However, there are motorcycles, too, and maybe a few other types such as vans and campers. You see, it gets kind of complicated.

Consider options for assets

Legal Corner by Paul A. Brule

   Those of us who have been married for several years (or decades!) usually have a number of things in common. One is that assets are usually structured so that at the death of one spouse, everything passes to the other spouse. For most couples, that arrangement is appropriate and desirable, but would it be appropriate to structure assets in some other manner?

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