https://www.youtube.com/embed/M2Ub6syV6iM Becky Cholewka: Hello everyone! I get a lot of questions about revocable living trusts. There's a lot of misconceptions out there about what they do, or don't do, or how we utilize them. For example, when we
The Benefits of a Revocable Trust
https://youtu.be/xRvXLJDc-FM Becky Cholewka: There is so much confusion and misinformation out there about trusts. Today, I want to give you just a little breakdown of why revocable trusts have certain benefits because there's a lot of people out ther
The difference between simple and typical documents
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Becky Cholewka: One of the things I hear all the time, probably about 3-4 times a week in my office is “Becky, you know what, I’m simple. I just need simple documents.” What I really think people are trying to tell me is that they are “typical”. Maybe
The Difference Between Living Probate and Death Probate?
Becky Cholewka: People often hear the word probate, and it's kind of a scary thing for a lot of families to go through. What probate really means is, it's a court process when the court needs to get involved with distributing assets when you die. Tha
Recognizing the Importance of Living Wills
A living will is a type of advance directive delineating your preferences for end-of-life care in the event you become incapable of making your wishes known. Age does not dictate these crises; they can happen at any time. For anyone over the age o
Funding Your Trust
Do you have an "empty" Trust? A Revocable Living Trust is the single most effective estate and disability planning tool. About 20% of Americans have invested in creating this valuable planning document and yet many of those do not follow through with t
The ABC’s of RLT’s
A Revocable Living Trust (RLT) is an estate planning tool that A) distributes assets outside of probate, B) provides for incapacity planning for the trustmaker, and C) provides asset protection for beneficiaries. A RLT is created by a trustmaker (also
Revocable Living Trust
If you have assets properly funded into a revocable living trust, you and your successor trustees takes care of the management and investment of the trust assets. This means you, as the current trustee; your successor trustee if you are deemed mentally
What You Should Know About A Living Trust
When passing on your estate to your heirs, a will or other estate planning tools can be used. A revocable living trust is one of best choices. (Photo credit: Wikipedia) A story on aarp.org says the revocable living trust is becoming very popular, p
The Five Benefits of a Revocable Trust
Trusts are an important part of estate plans large and small. Unlike a will, a trust allows a person to manage and distribute assets in life, as well as in death. A recent article discusses why everyone needs a revocable living trust, and what the benefit
Attorneys Get Paid per Word! And Other Untruths…
Why is my trust so long? As an estate planning attorney who provides comprehensive, solution-oriented planning documents to clients, I get this question almost every week. I have to chuckle, knowing that in the olden days attorneys did get paid per wor
Do You Have An “Empty” Trust?
A Revocable Living Trust is the single most effective estate and disability planning tool. About 20% of Americans have invested in creating this valuable planning document and yet many of those do not follow through with the next important step and "fund"
Do You Need a Revocable Living Trust?
What is a Living Trust? Lawyers and financial planners often talk about revocable living trusts, but what are they and do you need one? A revocable living trust is a trust which is created by a principal (the person or group putting assets into the tru