5 steps to create an estate plan

Consider creating a trust There’s a common misconception that trusts are only for the very wealthy. However, trusts can play an important role in many estate plans. They give you more control as to how assets are distributed and allow you to keep the details of...

HEGGSTAD PETITION

By Robert Chang, Attorney at law.   A living trust must be properly “funded” in order to work properly. Upon the death of the person who created the trust, only that property which is titled in the trust’s name will avoid the probate process.   So what...

What Is a Testamentary Trust?

A testamentary trust, unlike other trusts, is not legally binding until the person has died. As such, a person must include the trust in their will so that it is created upon death.

When you draft a will, it is a good idea to include the creation of a testamentary trust. Probate will still take place. This is to make sure the assets are being managed appropriately.

It is easier to include the testamentary trust clause that creates the trust when you are creating a will – however, if you already have a will, you can always amend the will to include the testamentary trust clause.

Steps for Adjustment of Status

The Immigration and Nationality Act (INA) permits the change of an individual’s immigration status while in the United States from nonimmigrant or parolee (temporary) to immigrant (permanent) if the individual was inspected and admitted or paroled into the...