The two most popular estate planning tools are wills and trusts. While each of the vehicles have benefits, you should understand what a will won’t do and the limitations and differences of a trust. Variations It is important to note that there are many different types of trusts available to you while wills are fairly […]
Regardless of your wealth, estate planning is crucial to making sure that your prized possessions and other assets are handled in the best way possible after you die (or should you become otherwise incapacitated). While not a necessary component to estate planning, many find that building what is known as a “living trust” is a […]
A revocable living trust is a document that allows you to transfer ownership over properties within your lifetime into a trust in favor of the intended beneficiaries. The creation of a revocable living trust is an important tool in estate planning while retaining control over the transferred assets during your lifetime. When you create a […]
Setting up a trust has been a popular estate planning tool, especially if you want to leave properties and assets to your loved ones without the hassle of undergoing the probate process. In a trust, the creator or trustor transfers his property under the care of a trustee, who can be a trust lawyer, in […]