Second homes are often the most valuable asset in one’s estate and require specialized planning to ensure the home stays in the family.
Leaving your valuable family home in equal shares to heirs without a master plan is often a recipe for disaster. Our Heirloom Ownership Trust™ provides the protection, succession, and preservation families are looking for.
Borchers Trust Law offers a proprietary process called the “Heirloom Ownership Trust” (HOT) designed to keep one’s beloved second home in the family while ensuring that it will be governed wisely. Our process begins by establishing an “AUGUST” agreement that identifies the key considerations:
We are pleased to welcome Will Lane to the firm as an attorney serving clients in probate, estate, and trust administration. His practice includes preparation of estate tax returns and estate trust accountings. Will has significant experience advising those appointed to serve as a Person Representative or Trustee through the setup and ongoing administration of […]
“If something bad happened to me, or I suddenly passed away, who would take care of my children?” It’s not a pleasant thought, but if you’re a parent, it’s highly likely that you’ve asked yourself this question numerous times. Appointing a legal guardian for your kids is a weighty decision -- but it’s a decision that must be made, nonetheless.
The PlanCheck program allows access to us at any time using the on-call privilege for answers to estate plan and other legal questions, for referrals to other professionals, and questions from your advisors or family members who are assisting you. PlanCheck also includes an update every third year, by telephone or in person. In addition, […]
Attorneys who practice any level of estate planning are, at this very moment, standing on hallowed ground. Understanding lifetime gift limitations is an ongoing process due to new legislation.
Estate plans are not intended to be a one-and-done project. They are living documents that should reflect your current situation, needs, and goals. That can only be achieved via regular reviews, and Borchers Law makes it easy to accomplish that via several customized services: Update Checklists Review and Refinement ILIT Service The benefit of periodic […]
Suppose your daughter inherits from you through an Inheritance Trust, and she wishes to pay off her mortgage with the trust funds. As her own trustee, she’d have the authority to do that without even having to weigh the idea against the the terms of the trust.
by Tim McGee, Associate Attorney Looking at your bank account, it’s easy to think that gifting money to a child as part of your budget just isn’t feasible. You may have a mortgage, car payments, credit card bills – and all the other day to day expenses that make a big dent. However, if you are […]
While it’s nearly impossible to plan for every one of life's contingencies, it is possible to create an effective and comprehensive estate plan. While good estate planning anticipates your death and disability, great estate planning reflects your chosen legacy.
This support program is established to keep the lines of communication open between us and our clients throughout the year. Whether there is an unexpected turn of events prompting legal advice, or the peace of mind that comes from a yearly review and refinement of your estate plan, we can tailor support to meet your […]
by Tim Borchers, Esq., EPLS, AEP® You know your kids love you. You know they love the vacation home they’ve enjoyed every summer since childhood. And you’re sure they’ll love the idea of inheriting that home when you pass away. But what if you’re wrong? What if they can’t afford the taxes and maintenance? What if […]
It’s easy to stay organized. Your family will appreciate it. Since 2005 the Borchers Law Asset Trust Organizer™ (ATO) has helped clients identify and develop the most advantageous method of funding their estate planning and trust needs. The ATO offers a wide range of advantages, including: Complete funding instructions The ATO lists all assets, states […]
probate | noun | PRO-bate. Settling the estate of a loved one. Usually drawn out, expensive, unpredictable, and frustrating. No more. Our TrustCASE™ system provides for quick family-lawyer collaboration, predictable legal services, and a single, flat fee. Why TrustCASE? To be honest, as lawyers we’d rather be loved than to be seen as part of […]
Our own Marc Cusano, Esq., has been honored as a “Rising Star: Super Lawyer.” The designation is bestowed by the Super Lawyers subsidiary of Thomson Reuters and recognizes just 2.5% of attorneys — the very best of the best. Super Lawyers selects attorneys using a patented process combining peer nominations, evaluations, and independent research. […]
With increasing rates of life expectancy, multiple marriages and the ability to survive disabilities and injuries, the need to protect what we hand down to our heirs also increases. The best way to address these challenges is by implementing an estate plan that includes a lifelong trust for each child.
The Supreme Court ruled that inherited individual retirement accounts aren't protected in bankruptcy. The issue now becomes how to protect these plans within a solid estate plan.