How to Reduce the Cost of Surrogacy

Pursuing gestational surrogacy as a family-building option can be very expensive. Costs range from $60,000 to $150,000 and typically include screening fees, surrogate compensation and expenses, attorneys’ fees, and fees for a surrogacy agency and fertility clinic. Of course, there are also the related medical costs and insurance payments. Take it all together, and the … Read more

How to Get Started with Gestational Surrogacy: A Checklist to Help Intended Parents

Getting pregnant is much harder than you expected it to be, and you’ve been through a lot of anxiety and heartbreak. Stay strong, I’ve been in your shoes and there’s still hope for starting or expanding your family! If you’re seriously considering gestational surrogacy, here’s a checklist to help you get started.1. Confirm That Gestational … Read more

The Basics of Estate Planning – Part III

In Part II, we discussed Wills and the advantages and disadvantages of having a Will. This issue will focus on the second of four estate planning tools – a Trust, and the advantages and disadvantages of having a Trust as part of your estate plan.

What is a Trust?

A Trust, generally, is a legal entity that can hold title to property. There are three parties to a Trust agreement: the Trustmaker who creates the Trust, the Beneficiary who receives the benefit of the property held in the Trust, and the Trustee who manages the Trust. The property that is transferred to and held by the Trust becomes the Trust principal. If you create a Trust within your Will, it is called a Testamentary Trust. If you create a Trust while you are alive, it is called an inter vivos or Living Trust.

While you are alive, you usually will receive all the income of the Trust and as much of the principal as you request. Upon your death, the Trust assets are distributed to your Beneficiaries in accordance with your directions contained in the Trust agreement, or it can continue for specified purposes for a period of time.

The Advantages and Disadvantages of a Trust

Read moreThe Basics of Estate Planning – Part III