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GermanLawGroup

Estate Planning & Medicaid Attorneys in Grand Forks , North Dakota

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Home » Trust

How Can a Trustee Cause a Trust to Fail?

June 28, 2022General, Trust

Grand Forks trust administration attorney

If you are one of the many people who choose to include a trust as part of your overall estate plan, one of the most important decisions you will make when creating that trust is your choice of Trustee. In fact, your choice of Trustee could be the key factor in determining whether your trust succeeds or fails. To help you better understand the importance of choosing the right Trustee, a Grand Forks trust attorney at German Law explains how a Trustee could cause your trust to fail. Trust … [Read more...] about How Can a Trustee Cause a Trust to Fail?

Reasons to Create a Living Trust

June 2, 2022Trust

Grand Forks trust lawyers

A comprehensive estate plan will typically incorporate a wide variety of estate planning tools and strategies into the plan to accomplish the plan’s goals and objectives. Among the most popular of those tools is a living trust. Only your estate planning attorney can help you decide if a living trust would be a beneficial addition to your estate plan; however, to give you an idea of how one might fit into your estate plan, the Grand Forks trust lawyers at German Law explain common reasons you … [Read more...] about Reasons to Create a Living Trust

Why Would I Want a Trust to Be Irrevocable?

May 3, 2022Trust

Grand Forks trust lawyers

A living trust is a common addition to the average estate plan. If you are contemplating the creation of a living trust, you will need to decide if your trust will be a revocable living trust or an irrevocable living trust. As the name implies, an irrevocable living trust is one that cannot be modified or revoked by the Trustor once the trust is established. You may be wondering why you would want to make your trust irrevocable. The Grand Forks trust lawyers at German Law explain why you might … [Read more...] about Why Would I Want a Trust to Be Irrevocable?

How Can a Trust Help Protect an Inheritance?

April 28, 2022Trust

Often, the most difficult part of creating an estate plan is not deciding who to leave your assets to, but deciding how to leave those assets to the intended beneficiaries. Simply handing over a sizeable inheritance isn’t always the best way to structure your estate plan for one reason or another. When that is the case, a Grand Forks living trust attorney at German Law explains how a living trust can help you to avoid living a lumpsum inheritance. Why Shouldn’t I Pass Down a Lump Sum … [Read more...] about How Can a Trust Help Protect an Inheritance?

Should My Trustee Be Able to Make Discretionary Decisions?

March 10, 2022Trust

Grand Forks trust administration attorney

At some point in your life, you will likely realize the need to expand your initial estate plan. When you do so, you may decide to incorporate a trust into your expanded plan. One of the most important decisions you will make when creating your trust is your choice of Trustee. Once that decision is made, you will also need to decide how much discretion your Trustee should have. To explain the importance of providing just the right amount of discretion, a Grand Forks trust administration attorney … [Read more...] about Should My Trustee Be Able to Make Discretionary Decisions?

Can a Charity Be a Beneficiary?

January 11, 2022Trust

Grand Forks trust attorney

Over the years, trusts have evolved to the point where it is now common to find at least one trust agreement in even a simple estate plan. One reason for the popularity of trusts is the numerous and diverse estate planning goals that can be accomplished using a trust. If philanthropy is part of your everyday life, for example, you may wish to consider using a trust to continue that charitable gifting in your estate plan. A Grand Forks trust attorney at German Law explains how to make a charity … [Read more...] about Can a Charity Be a Beneficiary?

Picking a Trustee for Your Child’s Inheritance

January 4, 2022Trust

Grand Forks estate planning attorney

Having at least a basic estate plan in place is important for every adult. If you are the parent of a young child, however, the need for careful estate planning is heightened. Your minor child cannot manage his/her own inheritance. Consequently, you must choose someone to do so for your child. The Grand Forks estate planning attorneys at German Law help you choose the right Trustee for your child’s inheritance. How Will You Pass Down Your Child’s Inheritance? When you contemplate passing … [Read more...] about Picking a Trustee for Your Child’s Inheritance

Is a Trustee Paid?

August 19, 2021Trust

Grand Forks trust attorney

Trusts have become almost commonplace in a well thought out estate plan due in large part to the flexibility they offer in reaching estate planning goals. If you are considering the inclusion of a trust in your estate plan, you will need to make several decisions during the creation of the trust, including who to appoint as the Trustee of your trust. If you have never created a trust, you will also likely have a few questions, such as whether a Trustee gets paid. The Grand Forks trust attorneys … [Read more...] about Is a Trustee Paid?

Do I Need to Name a Successor Trustee?

June 1, 2021Trust

Grand Forks trust attorney

If you are contemplating the addition of a trust to your estate plan, there are some common mistakes you want to avoid making, such as failing to name a successor Trustee. For those who are not familiar with how a trust is administered, a Grand Forks trust attorney at German Law explains why naming a successor Trustee is important to the success of your trust. Trust Basics First, it is important to have a firm understanding of what a trust is and how a trust works. A trust is a separate … [Read more...] about Do I Need to Name a Successor Trustee?

What Is a Secret Trust?

December 31, 2020Trust

The odds are good that you will decide to incorporate at least one trust into your estate plan given how popular trusts are. If you do include a trust, you may decide to make your trust a secret or semi-secret trust. A Fargo trust attorney at German Law explains what a secret trust is and why you might want one. Understanding Your Last Will and Testament Most people are familiar with the concept of a Will. At its most basic, a Will is a legal document that allows the Testator (person … [Read more...] about What Is a Secret Trust?

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August 24, 2020
    

Needed to come in to get specific advice for our needs. The attorney spoke to us in terms we could understand, coming to our level and did not make up feel uncomfortable. They were very considerate and caring. We didn’t feel rushed. We felt like they cared and knew what they were doing.

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August 24, 2020
    

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August 24, 2020
    

"Very professional, covered all, expertise, friendly, peace of mind now."

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August 24, 2020
    

So much of a client's high or low opinion of an organization depends on their welcomed feeling. I felt that every time I visited the office, every person I talked with listened and took action on my concern or questions! They were also very friendly.

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~J.R., Grand Forks, ND
Client Review
August 24, 2020
    

From phone calls to signing the final documents I was treated with respect, kindness, and understanding by Wayne & Jenn. Every business that wants their business represented well should have someone like Jenn & Wayne. They both made me feel relaxed and assured I was at the right place at the right time at this time in my life. 

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~ Deborah Rucinksi, North Dakota 
Client Review
August 24, 2020
    

All of the paperwork was completed in a timely matter. Wayne was very good in explaining the trust to us. 

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~Anonymous
Client Review
August 24, 2020
    

Thank you for taking care of my finances after I am gone. I worried about probate once; hopefully this has been solved. Everyone was very polite and helpful. Thank you Katie for answering my questions, and also Jenn.

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- Anonymous
Client Review
August 24, 2020
    

This Avvo rating is killer and so deserved! You are the best brother! The only thing is I think the 10 rating is too low, in my book you go to 11! Congratulations on the award, you should be very very proud. See you at your Holiday party, thx for the invite.

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Anthony G., Los Angeles, CA
Client Review
August 24, 2020
    

Everyone at German Law was helpful and pleasant. I felt good about my decision, I thought I was doing the right thing for myself & my family. Wayne took his time and didn't rush, which is good because a lot of this can be over people's heads.

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A.W., Red Lake Falls, MN
Client Review
April 15, 2021
    

Excellent

Very interesting, informative and valuable information and ideas.

Valuable information.

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RP
Client Review
April 15, 2021
    

5 STARS! Thanks for allowing this to be on a webinar! Very interested in this topic.

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