Blogs

Creating a comprehensive estate plan for LGBTQ couples can add unique dynamics to an already complex process. While the U.S. Supreme Court ruling in 2015 greatly improved the equality and legal recognition for marriage of same-sex couples, there are still many issues that can occur without professional assistance and proper planning.

I have this bad habit of going to bed worrying about what I didn’t get done for the day. The thoughts of what people will think if they knew that I didn’t vet their work done today. The deadlines that I might have missed or tailed client expectations. Then I wake up and I try to address my concerns and the cycle repeats itself day after day. There is some level of anxiety all of the time. I learned that I am not alone. About 38% of the general population worries each day.

Trust administration varies in complexity based on the complexity of the estate. For estates with a net worth between $750,000 and about $3.5 million, trust administration tends to be rather simple. The process begins by reviewing the trust itself and determining whether sub-trusts should be created for minor children, whether a business needs to be sold, and what assets comprise the trust (e.g. cash accounts, real estate, rental real estate, income-producing assets).