Category Archives: Trusts
4 kinds of trusts to protect your interests
A will only protects your assets so far. With just a will, your estate could be taxed or challenged and the distribution process could be delayed with probate. You may find that a trust will benefit you more. A trust…
Can I make a beneficiary use their inheritance in a certain way?
When you pass away, you will leave an inheritance to the beneficiaries named in your estate plan. This could include your spouse or your children, but you can pick any beneficiaries that you would like. Many people will have an…
How are trusts funded?
People putting together estate plans may decide to include a trust among their resources for a variety of reasons. Some people want to leave money for a charitable cause instead of just for family members. Others may worry about a…
How a trust can help you avoid the probate process
Probate is a court process that occurs after a person’s death to validate their will, settle their debts and distribute their assets to the rightful beneficiaries or heirs. While a will sounds like an ideal way to pass your estate…
What’s a revocable trust?
A revocable trust (often known as a revocable living trust or living trust) enables you to maintain control over assets while you’re alive. The primary purpose of a revocable trust is to avoid probate, which is beneficial to your heirs.…
What successor trustees need to know about selling a home
If you are named as a successor trustee, you have many responsibilities. This individual must handle the trust of someone after they pass away. One of the actions you may need to take in this role is selling the grantor’s…
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