InSight Into Estate Planning
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How to Properly Establish a Living Trust

One of the best estate planning tools you can utilize is a living trust. Establishing a trust allows your loved ones to avoid lengthy and complicated probate and may save your family money in administrative expenses and taxes. So how do you set up a living trust? The  requirements of a trust to be considered legally valid include:
  • You need to have the intent to create a trust. This is a fairly simple requirement to meet by stating your intent in the trust document.
  • You need to have the testamentary capacity to create a trust. This means you need to have the mental capability to create and sign the trust document.
  • Your trust must have a specific, legitimate purpose (e.g., for management of assets in your estate plan).
  • The trust must convey some form of property. This means you cannot simply create a trust and it be barren. Future interests in property are acceptable, but they must be in existence at the time you created the trust. Speculative property, such as future earnings from a non-existent business, is not valid.
  • You must name a trustee. This is the person in charge of holding the trust and transferring trust assets to a beneficiary, or beneficiaries.
  • Relatedly, you must name a beneficiary. This is the person, or individuals, who will receive the trust assets.
  • Sign the trust document in front of a notary public.
  • Some states also require that witnesses are present to see you sign the trust document.
Learn more about how to create a living trust by reading the full article here.



When a loved one dies, family members often react in one of two different ways - (1) the family comes together during a difficult time to honor the memory of their loved one or (2) members of the family begin disputing who gets what and the family becomes embittered and divided.

Estate disputes among family members often occur when the decedent's estate plan is vague or has conflicting provisions. For example, what happens if the Last Will and Testament or Trust says one thing about an asset, but a joint account is structured in a way that makes it impossible to comply with the directives in the Will or Trust?




The InSight Law Team is Growing

The Insight Law team is growing. We're happy to announce the addition of attorney Bill Dunker
and funding coordinator Ginny Oliver. 

Bill has over 35 years of experience as a business attorney working in business operations and transactions, both as in-house counsel and with a major law firm. 

Ginny has worked in accounting for 12 years and received her BS in Accounting from Pennsylvania State University. 

Welcome to the team!



Bobby Attends NNEPA Conference

The National Network of Estate Planning Attorneys (NNEPA) is a cooperative alliance of nationally recognized estate planning attorneys from across the country. Members work together to provide the support and tools needed to serve clients better.

Bobby attended NNEPA's annual conference and was able to learn new skills and estate planning concepts while collaborating with colleagues specializing in this area of law. 


Attend an InSight Event


Truth About Estate Planning (Morning Session)
Date: June 7, 2017
Time: 10:00 am - 12:00 pm
Location: InSight Law's Ashburn Office
Description:  Most people don't know what to expect from an estate planning attorney, let alone know the right questions to ask. In our experience, most families who have completed their estate plans don't fully understand their legal documents and the serious impact it can have on their loved ones. The Truth About Estate Planning™ Program will prepare you to deal with your planning concerns and examine your goals without the time pressure of making decisions.
Register Here

Truth About Estate Planning (Evening Session)
Date: June 7, 2017
Time: 7:00 pm - 9:00 pm
Location: InSightLaw's Ashburn Office
Description: In an effort to accomodate as many different schedules and lifestyles as possible, we hold an evening session of The Truth About Estate Planning™ Program for prospective clients who cannot attend the morning session. 

Truth About Estate Planning (McLean Office)
Date: June 30, 2017
Time: 12:00 pm - 2:00 pm
Location: InSight Law's McLean Office
Description: Join us for The Truth About Estate Planning™ Program in our McLean office. This program prepares you to deal with your planning concerns and examine your goals without the time pressure of making decisions.
Register Here




 InSight Law, PLLC | 703-654-6019 | nna@insightlaw.net | www.insightlaw.net
Offices in Ashburn and McLean, VA and Denver, CO
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