Welcome to the Rilus Law Blog!
One of our core values is empowerment and education is a key component of that. Because we are passionate about estate planning, we provide many free resources to empower our community. Explore the blog to gain a deeper understanding of estate planning, or feel free to reach out to us with questions. You could get all your questions answered in a free one-hour meeting with an experienced estate planning and probate attorney.
Explore all of our posts below, or search for a specific topic here.
Funding a Trust: A Complete Guide to Transferring Assets (and Common Mistakes to Avoid)
A trust can be the most effective estate planning document you will ever make. However, it can also be the most commonly misunderstood. Contrary to popular belief, creating a trust does not automatically protect your assets. For a trust to work, ownership of the assets must be transferred to it in a process called funding the trust.
Opening a Bank Account for a Trust, Estate, LLC, or Business Entity: A Step-By-Step Guide
Dealing with bank processes is a struggle, and more so if the account is for a trust, estate, or LLC (Limited Liability Company). These accounts, unlike regular bank accounts for individuals, have added challenges related to documentation, banking policies, and legal requirements.
Mastering Trust Administration: A Comprehensive Guide on Trustee Roles & Effective Management Strategies
Trust administration is a complex topic. Thus, we’ve created this supplementary post to further discuss trust administration and what you need to know.
Introducing the Trustee Toolkit: A Must-have for Successor Trustees
Here at Rilus Law, we are all about empowering clients and non-clients alike. And one of the ways we provide empowerment is by providing free resources that anyone can access, whether that is our educational YouTube videos, informational blog posts, or valuable estate planning tools. We are thrilled to announce that there’s a new addition to these resources… Introducing the Trustee Toolkit!
How Much Do Trust Administration Fees Cost?
If you're in the process of setting up a trust or have recently become a trustee, you might be wondering about the costs associated with trust administration. Trusts offer a valuable estate planning tool to protect and manage your assets, but it's important to understand the financial implications involved.
FDIC Limits: What is FDIC Coverage for Trusts
The topic of FDIC (Federal Deposit Insurance Corporation) limits is something that no one cares about until they do. The FDIC limits refer to how much of your money is insured if the bank goes out of business.
How to Find the Best Arizona Trust Attorney for You
Establishing a trust is a vital part of estate planning in Arizona or any other state. A trust lets you protect your assets and support your beneficiaries after you die.
An Intro to Trust Administration
If you’ve been named a successor trustee of a loved one’s trust, it can be overwhelming and a bit scary at first. There are many steps involved and you carry the personal liability of your fiduciary duty.
How a Trust Works in Arizona
No matter your age, it’s never too early to plan for the future. Estate planning can involve many different factors for different people.
Do Beneficiaries Get a Copy of the Trust in Arizona?
A trust is a legal contract that provides specific instructions for managing assets after someone passes away. Although trusts are an essential part of estate planning, a lot of people find the many different types of trusts to be confusing.
Why You Need Help from a Living Trust Attorney
Contrary to common belief, creating a living trust isn’t just for the elderly or rich people. It can be a beneficial tool for people from all walks of life—even those without hefty bank accounts, million-dollar yachts, or luxury mansions for homes.
What To Do After Widowed
The death of a loved one is a traumatic experience, and losing your spouse or partner is even more so. Then, as you’re experiencing the range of emotions and grief that comes with that, you have to deal with the stressful and often overwhelming process of navigating probate or settling their estate.
Trusts 101
Why do you need to know about Trusts 101? Well, a friend of mine recently retired and is living comfortably in the home she and her husband paid off a few years ago.
What to Do After the Loss of a Loved One
The inevitability of loss is what makes us human. At some time in our lives, we will lose someone we love. Far too often the trauma of death is compounded with the overwhelming responsibility of closing out that person’s life.
What is a Fiduciary?
Fiduciary, fiduciary duty, breach of fiduciary duty; what do these terms mean? You may have heard the word or phrase used.
What Happens to a Trust After the Last Trustor Passes Away?
We are often asked: “What needs to be done after I pass away, and is this something my children can do themselves? Do they need to hire a lawyer after I am gone?”
Your Rights as a Trust Beneficiary
The other day I received a call from the daughter of a client. Her parents had set up a trust with us a few years back and had appointed her older brother to be in charge of the money after their father had passed and their mother was incapacitated.
Still Have Questions or Not Sure Where to Begin?
Contact us today to schedule your free one-hour meeting with an attorney to assess your estate planning needs.