Posts Tagged: beneficiary

Why Is Including Survivorship Language in Your Estate Plan Important?

October 29, 2015

By: Olivia R. Holcombe-Volke, Esq. olivia@elvilleassociates.com In a well-drafted Last Will and Testament or Revocable Living Trust for a single person, there will be at least one provision that addresses how long a beneficiary must survive the testator to be deemed to have survived the testator, and, thereby, to be able to inherit under the …

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Spendthrift Clauses

October 19, 2015

Olivia R. Holcombe-Volke, J.D. olivia@elvilleassociates.com A spendthrift clause is a provision that protects assets or certain trusts against the creditors of a beneficiary of those trust assets.  In practice, this means that a beneficiary of a trust containing a spendthrift clause can’t buy a house using trust funds as collateral.  Nor can a creditor force …

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Consider the Impact Your Inheritance Will Have on the Beneficiary of Your Estate

October 1, 2015

By: Olivia R. Holcombe-Volke, Esq. olivia@elvilleassociates.com Effective estate planning must contemplate not only your own desires or preferences as to whom or what will receive your estate after death, but also what impact that inheritance might have on the beneficiary.  The most common example of why and when this is important is when an intended …

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