Living Trusts: Revocable vs. Irrevocable
Though living trusts can be tailored to your needs, they generally fall into one of two categories: revocable and irrevocable. In this article, we discuss the key differences between revocable and irrevocable living trusts, providing insight that will help you decide which type is right for you. What Is a Living Trust? A living trust […]
Problems You May Run Into When Setting Up a Living Trust in Arizona
While nobody wants to think about what will happen after they pass away, having a plan in place can ensure that your final wishes are carried out properly. In addition to a “traditional” will, many people are now setting up living trusts (also known as revocable trusts) as part of their estate plans. By having […]
Differences Between a Will and a Living Trust
Every adult should have a plan in place for what they would like done with their assets after they die. Granted, it’s not the most pleasant topic to consider, but it is necessary nonetheless. When someone passes away without proper estate planning, their loved ones are subject to further turmoil as state officials then determine how to divide up their […]
Benefits of a Living Trust
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 […]