Many clients are confused about the role a living trust can play in their estate planning efforts. A trust is created so that assets or property can be moved to the trustee who’s named in the living trust. Many don’t like the idea of relinquishing ownership of their assets, but the benefits are worth consideration for many of those people. It’s not that you’re losing control of your property or assets, it’s still yours. You’re just covering the legal bases in case you become incapacitated or die … [Read more...] about Do You Need a Living Trust?
Many people know that they want to avoid probate, but they’re neither sure why probate should be avoided or even what probate is. To get you started, “probate” is technically the process by which the court validates a Will. However, the entire process of administering an estate is called probate, as well. If you’re like most people, you want to save money, time, and effort and keep your financial and family affairs private. If this is true, you’ll want to avoid probate. 1. The Revocable Living … [Read more...] about How to Avoid Probate