To those of you that already have a Revocable Living Trust as part of your estate plan, congratulations! However, did you fund that trust. Over the past several months I have worked with a number of families to amend their existing trust only to find that they were never funded in the first place.
I was reminded of this when speaking with a client this past week. They told me of a time when their child was away at college and ended up in an emergency room. The hospital and doctors were very reluctant to share any information about the child's condition. Their reluctance was for good reason...it was against the law to share the information without the patient's consent. Thankfully everything worked out for this family.
If you are considering marrying later in life you need to answer two questions: "Should you sign a prenuptial agreement?" and "How will getting married affect your Estate?" Not answering these questions may result in family conflicts and lawsuits long after you get sick or pass away. Consider these three situations.