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Let's look at the people who are involved in a trust. These are the same ones that we're involved in the Will and will also be the same ones involved in Probate.
The person who creates the trust has multiple names and even wears many hats. Grantor, Trustor, Trust maker, Creator, Trustee. After...
Did you know that there are at least 13 Different Types of Trusts? Why on earth would you want to pick from a list of 13 different trusts? My hope is that this will give you some ideas of some options that you may not have known existed and will be helpful to you when putting your estate plan...
Basically, there are two types of trusts: the revocable living trust, which is changeable, and the irrevocable trust which you cannot change.
There are actually benefits to both.
The most common one that people use is the revocable living trust because it is changeable. You put things in, take...
A trust will protect your family in the event of your passing. There are benefits to putting items and assets in a trust.
1. The first one is reducing taxes. It is so great not to worry about paying taxes on something that you inherit. Its no fun if you get something really great then have to pay...
If you are anything like me, you hate the thought of trying to understand legal terms! I have never had any interest, other than to get it done! We had a very bad legal experience when getting our Trust in place many years ago.
The attorney wouldn't answer any of our basic questions. She said, ...