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How a Trust Can Help Your Estate Plan
Posted in estate planning,trust on April 11, 2023
Estate planning is the organization and management of your lifetime assets. It involves deciding how your wealth and property will be distributed to your beneficiaries. One legal tool that has gained popularity in recent years for its flexibility and utility in estate planning is establishing a trust. Trusts offer several benefits that can help you… (Keep reading)
Why You Should Update Your Revocable Trust
Posted in trust on March 10, 2023
What has happened in your life since you signed your revocable trust? Many of us have changing circumstances that cause our estate planning needs to change. Since a living revocable trust is a written legal document that places assets into the trust for a life-long benefit, it makes sense that when a life event changes,… (Keep reading)
Is Putting Your House in a Trust a Good Idea?
Posted in asset protection,trust on January 15, 2023
Estate planning can be a complicated process, especially when you are unsure of the best way to protect and distribute your different assets. When you are planning for your home’s future, many people consider putting important property, like their family home, into a trust. Putting your home in a trust comes with a variety of… (Keep reading)
What Are the Disadvantages of a Trust?
Posted in asset protection,trust on December 22, 2022
Estate planning can be a complicated process. A trust can be a way to have your wishes carried out in a structured way, and beneficiaries can begin receiving the benefits of the trust while you are still alive. Trusts, which are frequently used by those with substantial assets, can help families with difficult dynamics avoid… (Keep reading)
Who Needs a Trust Instead of a Will?
Posted in asset protection,probate,trust on December 14, 2022
Estate planning can be a difficult and complicated process. As you plan for the assets you have and what your wishes are, you want to make the best decisions to ensure that those wishes are carried out. You may also want to take steps to make the process easier for those who have been entrusted… (Keep reading)
Who Owns the Property in a Trust?
Posted in asset protection,trust,trust funds on September 15, 2022
In a trust, the trustee is officially responsible for the assets. While the individual who established a living trust might retain ownership, in all other cases, the trustee controls the assets. They are tasked with maintaining records, distributing assets according to the trust document, and reporting to beneficiaries until full ownership is transferred to the… (Keep reading)
Should Your Bank Accounts Be in Your Trust?
Posted in asset protection,trust,trust funds on September 8, 2022
Yes, you can include bank accounts in your trust, but you should consider how often you use them. For example, transferring ownership of a checking account that you use daily might cause issues with bill payments. Other accounts like safety deposit boxes or annuities can also be included and may be more manageable to transfer…. (Keep reading)
What Should You Not Put in a Trust?
Posted in estate planning,trust on August 16, 2022
Creating an estate plan is never an easy subject, and for some, dealing with death in such a cut and dry manner can be quite jarring. Although somewhat uncomfortable, creating an estate plan can help facilitate a smooth posthumous division of your assets that’s in line with your wishes. One key part of an estate… (Keep reading)
