Estate planning is essential if you want to protect your future and your family’s financial security. If you wait until you are unable to make decisions, your assets may not be distributed how you would like them to be. A lack of estate planning can also lead to disputes, unnecessary […]
Category: Trusts
There are two main types of trusts: revocable trusts and irrevocable trusts. By their title, one could be forgiven for assuming that a “revocable” trust, as its name would imply, is changeable, and that an “irrevocable” trust, also as its name would imply, cannot be changed. As with many legal […]
For most individuals who create trusts, their primary concern is the support of their spouse, children, and any other family members who are to receive assets under the trust. However, not everyone is “good with money,” as it were, and trust settlors often worry about what their beneficiaries will do […]
Of all estate planning instruments, trusts are perhaps the most versatile due to the variety of goals that you can accomplish with them. For example, you can use a single trust for your own support during your lifetime and to pass assets to your heirs outside of the probate system […]