The Secret Power of Trusts - You're ready to face the task of documenting how you will pass along your assets to your family and friends. But you're stuck: Should you use a trust or a will? Here are four considerations. Trusts avoid probate; wills don't. Probate is the legal process estates …
Irrevocable Trusts
Re-engineering the Irrevocable Trust
Re-engineering the Irrevocable Trust - Irrevocable, the word means not amended, modified or revoked after formed. So you get the point of an irrevocable trust. But there is actually some flexibility. Here are some examples: To comply with changes in federal law or other laws. This is typical in …
Review Your Trusts: The When and the How
Review Your Trusts: The When and the How - Common assets placed into a trust include your home, bank accounts and stocks. With a revocable trust, you name yourself as the trustee to remain in control of your assets. When you die, your trust becomes irrevocable and is transferred to a designated …
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Do You Need a Will and a Trust?
Everyone wants to protect their families, even after they pass from this world. That’s the purpose of estate plans. But how do you know whether all of the elements of a good plan are in place? Do you need a will and a trust? The first step is understanding the difference between a will and a …
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