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Role of Trustees; Pierce Legal logo appears in lower left corner

The Role of Trustees

It is likely that you have questions regarding how you want your assets distributed and who should have that responsibility, regardless of where you are in the estate planning process. A trust can be a great tool in your estate…

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Revise Your Estate Plan After Divorce

An emotional divorce can lead to financial turmoil (especially if children are involved). Rarely is the division of assets an amicable process. While your estate plan may be the furthest thing from your mind during a divorce, without updating your documents,…

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Estate Planning and Tax Reform

Adapting to ever-changing federal estate tax laws, gifts, and GST exemptions may require an annual review and amendment of your estate plan. Since 2018, federal tax assessment on estates above $11.7 million, indexed for inflation every year, will default back to…

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Do Not Write Your Will Yourself

When wills are drafted, they will address who receives your assets and properties after your death only if they are properly filled out. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution,…

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Types of Trusts

Most of us have heard of trusts from the perspective of a beneficiary of one. Some may believe that only wealthy people use them, but they are common and useful tools when creating estate plans of all sizes. Managing and…

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Will or Not to Will

What Probate Is With or Without a Will

 People commonly know that probate occurs in probate court after someone passes away, and that it is something that happens after someone dies. Many people are not aware that the process is long and complicated. In some cases, it can…

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