Hyden, Miron & Foster, PLLC Law Blog

Thursday, January 21, 2021

How Are Irrevocable Trusts Taxed?


An irrevocable trust is a type of trust that cannot be changed without the permission of the beneficiaries. This means that, once the terms of the trust are established, it can be very difficult to modify or amend.
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Tuesday, December 22, 2020

How to Budget for Taxes as a Freelancer


It seems as though more and more people are beginning to set off on their own and make a living with freelance work. There are others that freelance in addition to a part-time or full-time job. Regardless, freelance workers need to remain aware that they are subject to taxation just as they would be at a regular hourly or salary type of job. Failure to properly budget for a Read more . . .


Friday, December 18, 2020

What to Look for in an Estate Planning Attorney


If you are looking for an estate planning attorney, then congratulations to you for taking an important first step in protecting a future you want for you and your loved ones. While there may be an overwhelming number of attorney options in your area, not all will be best suited to help you establish a strong, comprehensive estate plan. Here, we will discuss what you should look for in Read more . . .


Monday, November 23, 2020

Times to Review Your Estate Plan


Do you have an estate plan in place? If so, congratulations! You have taken an important step towards protecting the future you want for yourself and your loved ones. Remember, however, that estate planning is really just the beginning of what should be an ongoing process.
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Friday, November 20, 2020

What Is Trust Administration?


Many people talk about probate and administration of an estate after someone has passed away. Trust administration is not as often discussed. In fact, it is all too common for people to have the misbelief that trusts do not require administration, at least not the same detail of administration as estates. Read more . . .


Saturday, October 31, 2020

The Benefits of Charitable Giving in Your Estate Plan


Charitable giving can be very personally fulfilling. There may be a cause or several causes close to your heart and you want to be sure to support their efforts by providing financial support.


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Friday, October 30, 2020

Choosing the Personal Representative for Your Estate


Congratulations on taking on the critical task of estate planning! You are putting legal tools in place that will help protect not only your future but that of those you hold nearest and dearest. Along the road of estate planning, there will be many important decisions that need to be made.
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Thursday, September 24, 2020

Estate Planning Documents You Need for Your College-Age Kids


Back to school time is once again upon us. It has never been easy for parents to send off their college-age kids back to campus, but this year may be exceptionally difficult. College campuses across the country are reopening, but there are heightened restrictions due to the continued presence of the COVID-19 pandemic. With this added stress, parents of college-age kids may be more worried than ever for the health and well being of their sons and daughters. You may be surprised to learn that one way of managing this stress can be to put certain estate planning documents in place for your college student.
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Monday, September 21, 2020

What Happens If You Pass Away Without a Will?


Estate planning can place critical protections in place for you and your loved ones. One of the most well-known parts of an estate plan is a will.
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Thursday, August 20, 2020

What Is a Supplemental Needs Trust?


Many people are not aware of trusts or the important role they can play in estate planning. The types and purposes of trusts are varied and can provide you and your loved ones with many benefits when properly employed.
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Monday, August 17, 2020

What Is Ancillary Probate?


People do not usually have many good things to say about the probate process. You have recently lost a loved one. You have to go through what can be lengthy court proceedings before any beneficiaries of the estate receive an inheritance. It can also be costly as court fees add up and legal fees should you seek help from an attorney. This might make it all the more discouraging to hear that ancillary probate might be necessary in addition to primary Read more . . .


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