Hunt & Associates P.C.

Jan 16, 2018

Basics of Estate Planning: Funding Your Trust

FamilyProperty you own can be transferred to your heirs or chosen beneficiaries upon your death in one of several ways.  If the particular asset is owned by you and another individual, as in the case of a residence which you jointly own with your spouse with a right of survivorship (JWROS), the property will automatically pass to your spouse upon your death.  Assets may also pass by means of a beneficiary designation, such as in … Read more

Aug 3, 2017

Estate Planning Issues for Married Couples

Elderly coupleAmong the more common estate plans for married couples is what is sometimes referred to as a sweetheart estate plan.  Such a plan provides for the entirety of the deceased spouse’s estate to pass to the surviving spouse; on the death of the surviving spouse, whatever remains will pass to the couple’s children or other designated heirs.  Mutual reciprocal wills can be used to accomplish this intent.  Of course, on the death of the surviving … Read more