What is a Trust and do you need one? You’ve probably heard about trusts on popular TV and radio shows. Here are answers to some frequently asked questions about trusts: Trusts – Defined A Trust, or Revocable Living Trust, is an estate planning document that states who you want to inherit your property and how.…
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Question: Do I need a living trust? Answer: It depends on your family situation, assets and estate planning goals. First, what is a living trust? A living trust, also called a revocable living trust, is an estate planning vehicle that allows you to transfer your property to other persons after passing. You can also specify…
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Question: I want to create a trust to provide for my children and avoid probate, but I’ve heard I have to fund it. What is trust funding? Answer: Trust funding is the process of re-titling assets out of your name and into the name of your trust. Do not be confused by the term “funding”. …
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Updating your trust is important. Let us help you figure out the right time for you to do so. Countless surveys reveal that the majority of Americans do not have all of the necessary estate planning documents in place. In fact, most people don’t have any estate planning documents at all. One of the big…
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