Contrary to popular belief estate planning is not one-size fits all and not everyone needs a revocable living trust. However, they are a good option for many people. When you start asking around for estate planning advice, you will probably find the first thing many non-experts say about it is that you need to get [...]
Setting up a trust can be time-consuming and there is no doubt that even the simplest trust takes some work to create. However, taking the time and making the effort is worth it. A common question people have when they start to think about estate planning is whether it is worth the effort to create [...]
When looking for estate planning advice people often see suggestions that they should create a trust. That is only helpful if they know what a trust is. The Internet is full of estate planning advice most of which tends to suggest that people should get a trust. The benefits of doing so are often explained [...]
Everyone knows that a trust needs a trustee to manage a trust, but not everyone knows that it is also possible to create another position with a trust that has oversight authority over the trustee. One of the keys to creating an effective trust is to make sure that the designated trustee is knowledgeable, honest [...]
You can make your pets a part of your estate plan. More and more Americans are choosing to do so. Pet trusts and other ways to take care of pets after an owner passes away are one of the latest trends in estate planning. Estate planning with pets in mind has grown as Americans increasingly [...]
Picking a trustee can be a cause of concern for many people. If you keep a few simple rules in mind, it does not have to be that way. Deciding who the trustee of your trust will be can sometimes be scary. The trustee has a lot of power and the success of the trust [...]
If you get a trust as part of your estate plan, then you need to fund that trust with your assets. However, you should not automatically put all of your assets in the trust. When you create an "irrevocable trust" for your estate plan, then you have only just begun the process. An irrevocable trust, [...]
Laws are continuously changing and your trusts should change with them. Trusts have a time-honored and ancient tradition. There is no shortage of occasions where one person wants a third-party to manage property for the benefit of someone else, which is basically what a trust is. A settlor creates the trust and a trustee manages [...]