Two recent conversations at Summit, one about blended family planning and one about trust language, highlight a challenge that shows up more often than attorneys might expect: clients and even attorneys sometimes read estate planning documents more literally than the drafters intended. This article explores how terms like “equal” and “irrevocable” can create real confusion and why helping clients understand how a plan actually functions matters just as much as how carefully it was drafted.
Why Would You Use an Irrevocable Trust?
When you hear that there are revocable trusts and irrevocable trusts, a question may naturally come to mind. Why would you want to give up the freedom to revoke your trust if you have a choice? We will look at the answer to the question in this post, and when you see the complete picture, […]
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