✔️ Best case scenario: The parents have a Last Will and Testament that names a guardian, and maybe even have a Trust set up with funds to care for their children in their absence.
❌ Worst case scenario: When parents die without a Will naming a guardian for minor children, the courts typically step in to choose a surviving family member to take custody of the children.
This is a life-altering moment for everyone involved affecting both lifestyle and financial circumstances.
If you're unsure about whether your #estateplan has your children covered, head over to our blog to learn more 👉🏼 www.riluslaw.com/blog/what-happens-to-minor-childr…
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Thank you for choosing Rilus Law. We look forward to serving you and helping you again, to navigate any legal challenges with confidence and peace of mind.
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What are considered digital assets? (swipe to view content)
Your digital assets are just as important as your physical ones!
Protect your digital legacy by including them in your estate plan. 💻
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We're sincerely grateful for the faith you've placed in the Rilus Law team, Sandy.
Your trust fuels our commitment to serve you better.
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~ Education Trusts are also common for estate planning, and education sub-trusts can come in any forms. You can set up a use-it-or-lose-it type of sub-trust where the money goes somewhere else if your beneficiary fails to use it.
You can also set up a common pot type where all beneficiaries have equal access to a lump sum of funds. Your choice of sub-trust terms depends on the size of your estate, the number of beneficiaries, and other education considerations.
A sub-trust, often called a trust within a trust, provides the same benefit as a trust but with a more specific purpose. Swipe to learn more about this essential estate planning tool! 👈
What would you use a sub-trust for? 🤔
📃 To set up conditions for your beneficiaries
📃 To add an extra layer of asset protection
📃 To manage assets with more flexibility
📃 To include other beneficiaries that aren't in your main trust
Whether you're new to sub-trusts or seeking to deepen your understanding, don't hesitate to ask us your questions. #riluslaw
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Thank you for your kind words, Troy!
It was our pleasure to accommodate your scheduling needs and ensure everything was handled efficiently. Looking forward to serving you again in the future.
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Pets are not generally considered beneficiaries. In most states, if you want to provide for the welfare of your pets, you can treat them as a personal property and bequeath them to your beneficiary, in this case, the person you want to take care of your pet when you die.
Alternatively, you can also make a gift of money in your will to that person in the hope that they will use this to take care of your pets.
In Arizona, however, you are allowed to create a pet sub-trust which is a more legally binding way to set up your provisions for your pet upon our death.
A sub-trust, often called a trust within a trust, provides the same benefit as a trust but with a more specific purpose. Swipe to learn more about this essential estate planning tool! 👈
What would you use a sub-trust for? 🤔
📃 To set up conditions for your beneficiaries
📃 To add an extra layer of asset protection
📃 To manage assets with more flexibility
📃 To include other beneficiaries that aren't in your main trust
Whether you're new to sub-trusts or seeking to deepen your understanding, don't hesitate to ask us your questions. #riluslaw
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Thank you for sharing your positive experience with Rilus Law, Lori. It's fantastic to hear how our knowledge, professionalism, and genuine interest in helping made the process of setting up a trust for your daughter smooth and reassuring. Your recommendation is greatly appreciated.
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~ Also called Supplemental Needs Trust. The special needs trust can be used as a sub-trust for beneficiaries who receive benefits such as Supplemental Security Income (SSI) or Medicaid. Through this sub-trust, you avoid supplanting or replacing their benefit program and still provide trust benefits for you beneficiaries.
A sub-trust, often called a trust within a trust, provides the same benefit as a trust but with a more specific purpose. Swipe to learn more about this essential estate planning tool! 👈
What would you use a sub-trust for? 🤔
📃 To set up conditions for your beneficiaries
📃 To add an extra layer of asset protection
📃 To manage assets with more flexibility
📃 To include other beneficiaries that aren't in your main trust
Whether you're new to sub-trusts or seeking to deepen your understanding, don't hesitate to ask us your questions. #riluslaw
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Rilus Law offers comprehensive estate planning services, including wills, trusts, and probate assistance in Arizona and California seeking transparent, flat-fee legal solutions.
Rilus Law is a modern estate planning law firm that provides simple and effective plans, and empowering our clients. As a full-service estate planning law firm, we not only create and implement custom estate plans, including Wills, Trusts, Digital Asset Planning, and Powers of Attorney, but we also help clients with Probate, Estate Administration, and Trust Administration.
When you work with us, you get:
✅ Modern plans for modern families.
✅ Streamlined legal documents that are shorter and more effective.
✅ Easier attorney meetings and drafting approvals with our digital processes.
✅ A team that goes above and beyond to support you and your loved ones.
✅ An industry-leading attorney, knowledgeable in planning for your digital assets.
Connect with us via email at info@riluslaw.com