Welcome to another Rich Life Letter, the weekly newsletter of CMS Law Firm LLC (written by Christopher Small, the founder of the firm). My goal here is simple – give you one thing each week to make your life “richer.” Enjoy!three reasons to have an irrevocable trust… Happy Sunday! Today I thought it would be fun to talk about irrevocable trusts. We hear about them from time to time as this estate tax and asset protection savior, and because they…
Happy Sunday! Today I thought it would be fun to talk about irrevocable trusts. We hear about them from time to time as this estate tax and asset protection savior, and because they sound cool and kind of elite people want to have one. Well, today you’re going to get a crash course in irrevocable trusts. First, what is an irrevocable trust? As the name implies, it is a trust that cannot be revoked (modified) once it is created. Typically…
Do revocable living trusts need maintenance? The short answer is, no, they don’t. The only time you’d ever need to take action with respect to your revocable living trust is if you want to change something within the trust. If you don’t, your trust will just live along with you year after year until it is needed. Hope this helps! And a friendly reminder, if you need estate planning or probate help we’re here for you! Estate Planning Help ->…
Normally I’d start this message off with “Happy Sunday!”, but not today. Today we are once again reminded of the lack of control we have over our lives in the universe. As I’m sure you know, there was an assassination attempt at the rally of Donald Trump yesterday. And, during that incident, a person attending the event was killed. His name was Corey Comperatore. He was 50 years old. He was a husband. He was a father. And, when he…
Welcome to another Rich Life Letter, the weekly newsletter of CMS Law Firm LLC (written by Christopher Small, the founder of the firm). My goal here is simple – give you one thing each week to make your life “richer.” Enjoy!a tragic reminder…Normally I’d start this message off with “Happy Sunday!”, but not today. Today we are once again reminded of the lack of control we have over our lives in the universe. As I’m sure you know, there was…
Happy Sunday! I wrote this post on the 4th but didn’t want to bug you on holiday. So, here’s my letter to the USA. The 4th of July this year was filled with funny/crass/witty t-shirts making fun of one, or all, of the political figures involved in politics right now. But let’s not forget the 4th of July is a celebration of something pretty cool. I’ve opened three businesses, had 3 kids, been married and divorced and then married again,…
Happy Sunday! You may not have realized it, but today is officially the last day of the second quarter of 2024. Yes, the year is officially half over! I wanted to take a minute today and tell you about something my wife and I do every quarter (and at the beginning of the year for the whole year). Yes, we are nerds, and we do quarterly goal planning. But maybe not like you think. See, we don’t sit down together…
