How Do I Deed My Home into a Trust?
You should go to an estate planning attorney to sort things out and make sure both of you are on the same page about who owns what, who gets to stay where and for how long into the future.
What’s Best for You, a Will or a Trust?
In past generations, families were very close, there were few estates that had any tax liability, and children respected their parents’ wishes, both before and after the parents passed away.
Your Estate Plan Decides or the State Decides
By planning in advance, you have the say as to who receives which assets. The people you care about are more apt to receive your property.
What Can I Do with a Trust to Help My Kids?
There are mechanisms that you can put in place through a trust to help your children become financially responsible with their inheritance.
How to Design an Estate Plan with a Blended Family?
No one marries with the intention of getting divorced, but about half of all marriages in the U.S. will end in divorce. Divorce and second marriages can complicate the process of estate planning and present a number of challenges.
Is Having a Will Really Such a Big Deal?
Your obligations to your family or loved ones do not stop, even if you have already passed on. If your family, especially your children, are still heavily dependent on you, you can still provide for them through proper estate planning, even if you are no longer present.
What Do I Really Need to Know About Trusts?
It’s a well-documented fact that most people do no estate planning. Of those who do, the majority use a last will to pass their estate to a spouse or divide it among their children.
Does Good Estate Planning Prevent Family Fights over Personal Items?
The key to avoiding bitter conflict among heirs, is to have candid discussions well before the reading of the will.
What Should I Look for in a Trustee?
Do not put off finalizing and signing your estate planning documents, just because you have reached an impasse on who to name as trustee.
What You Need to Know about Trusts for Estate Planning
Trusts fall into one of two main categories. The first category is composed of those that are established while the grantor (one who establishes the trust) is alive and are termed inter vivos (while living) trusts.