Posts by Stacey Edwards Jones - Jones Law Office

One of the most pivotal questions in designing your revocable trust, used as part of your estate plan, is who will serve as the trustee upon your death. Clients tend to choose their children for a variety of reasons: children serve as trustee without charging a fee out of obligation, they do not want their…

Plan for Disability. Unlike a Will, a Revocable Trust allows you to plan for incapacity. This can be especially useful for small business owners. A trust is an effective way to ensure that the grantor’s assets will be used for his or her benefit in the event he or she becomes incapable of managing his…

There are essentially two avenues the estate settlement process can take: through the probate process (if the decedent had a will, or no will, and the decedent’s probate assets totaled $75,000 or more) or through private trust administration (if the decedent had a revocable living trust). LOCATE THE DOCUMENTS If the decedent left a will,…

Many small business owners, including farmers, organize and operate their businesses through separate legal entities such as limited liability companies or corporations. Business owners incorporate for a variety of reasons including management, liability protection benefits and self-employment tax savings. But business owners must exercise caution to demonstrate that they, as business owners, and the entity do…