A trust allows a third party, typically known as the trustee to hold assets on behalf of the beneficiary. This trust often does not have to go through probate, which is why so many individuals prefer to embark upon the trust process. Trusts provide you
An estate plan is key to guaranteeing that all of your best interests are met when the time comes. The very first step to planning for your future pertains to making the decision to create an estate plan. This plan typically includes drafting a will,
Tips 1&2- Prepare for Your Future by Drafting a Will and Selecting an Executor Drafting a will is essential to the distribution of your assets upon your passing. This document gives you the ability to decide exactly how your estate will be managed upon your
How to discuss estate planning with your loved ones this holiday season? With the holiday season coming around and the gathering of family members you probably have not seen in quite some time, it is the perfect time to discuss estate planning for the future.
Young Individuals Seem to Believe Life is Endless: Young members of society are constantly focused on the present and the upcoming near future. It is highly unlikely that a 30 year old has begun planning for his potential death. In fact, many young individuals follow
Wading Through the World of Trusts – How do Various Trusts Differ? What are Trusts? Creating a trust with the help of an estate planning lawyer is a perfect way to kick off your estate plan, especially if you’re looking for a relatively easy, nearly
Choosing Between a Revocable Trust and an Irrevocable Trust What is a Trust? Trusts are employed by individuals and families to distribute their assets in a fast and cost-efficient way. Shared benefits of all trusts include the conservation of the time and costs associated with probate. In addition, the
What is a Trust? Estate planning often involves setting up trusts. A trust is a legal agreement where property is held in order for it to be transferred after death. A trust does not have to go through the tedious, long and expensive process of