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 benefits of these trusts are. 1. Probate Avoidance Many people […]
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 word of each document they created. But not anymore. Most estate planning attorneys work […]
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” their trust. A trust is like an impenetrable vault. It can be fire […]
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 trust) and is funded immediately. Some trusts are not […]