No matter where you are on your life’s journey, establishing measures that protect you, your loved ones and your assets is essential for long-term security. Contrary to what many believe, you don’t need significant wealth to benefit from estate planning.
Creating your trust is very important. Now is always the time to fund your living trust. It is imperative to fund or put assets into your living trust for a variety of reasons. Watch this webinar to learn more.
One of the best things you can do for yourself and your family is to plan for retirement. This includes saving money and also thinking about how you will use that money once you retire. One retirement planning tool that is often overlooked is the living trust. A living trust can be a great way to manage your assets and ensure that your wishes are fulfilled after you die. A living trust has many benefits and can help you in retirement.
Millennials are often inundated with student loan debt, high housing costs, and other financial obligations. And while it might seem like the last thing on their minds, millennials should actually be considering getting a living trust. Millennials are often a very tech-savvy group, as well as the most educated generation in history. This is why it may seem surprising that estate planning is something that many millennials often do not consider. While it is not required to have a living trust, it is something that all adults should consider, especially if they have any assets or property that they wish to be protected.
A trust is a legal document created for the benefit of your designated beneficiaries. Two types of trusts, revocable and irrevocable, serve different purposes including avoiding probate, reducing taxes, keeping information private, but probably the greatest benefit of a trust, is that it gives you peace of mind knowing that you have provided for your family members and others exactly the way you want to.
One of the greatest advantages of adding one or more trusts to your estate plan is you can amend any […]
Thinking about incapacitation is rarely pleasant, but preparing for the unexpected is a necessity. If you fail to plan properly for potential incapacitation, it is possible that the courts or well-meaning family members may interfere with your wishes. Thus, you run the risk of everybody not acting in accordance with your desires.
Managing large sums of money and property ownership can be difficult. In the case of sisters Rosalyn and Sarah, a divorce settlement turned into a difficult legal situation before an irrevocable trust arrangement saved the day.
Many Americans believe that an estate plan consists of nothing but a will. While it is possible for some persons to benefit from simple wills, most people would benefit from a more complex estate plan to better suit their financial wants and needs.
Rest assured that you are not expected to get to work as the executor or trustee of a living trust the day after your loved one dies. Keep in mind that most tasks related to a person's estate are not actual emergencies and you can take the time you need to grieve. You will have space to make plans for memorial services and other related events.