Can a Special Needs Trust Pay for Utilities?
Yes, a special needs trust can pay for utilities for the designated beneficiary in some cases. However, there are some […]
Navigating Trust Administration After Death: A Guide
When someone passes away, it's an incredibly difficult time. On top of the grief, there can be the worry of handling that person's affairs, especially if you are named as the successor trustee. The process of managing and distributing assets from a trust, known as trust administration after death, can seem confusing and overwhelming.
Understanding How to Get Reimbursed for Funeral Expenses from Living Trust
Losing a loved one is one of life’s most challenging experiences. In addition to the emotional grief and loss, families often find themselves dealing with a range of unexpected responsibilities, including handling the logistics and financial aspects of the funeral. One question that frequently comes up during this difficult time is: Can I be reimbursed for the funeral expenses I paid for a loved one?
DIY Estate Planning Risks: Are You Prepared for Them?
Discover DIY estate planning risks & hidden costs. Learn why professional guidance is crucial to safeguarding your family's future.
Do Both Co-Trustees Have To Sign Documents?
If you’re a co-trustee, you might be wondering: Do both co-trustees always have to sign trust paperwork? In most cases, […]
How Does a Trust Work When Someone Dies?
How does a trust work when someone close to you passes away, figuring out what happens next with their assets can be tough. If a trust is involved, this process, called trust administration, directs how assets get managed and distributed. Trust administration helps ensure things go according to plan, as your loved one intended.
Avoid Unclaimed Property: How a Living Trust Protects Your Assets
Did you know that over $70 billion in unclaimed property is currently held by state governments? These funds include forgotten bank accounts, uncashed checks, retirement savings, life insurance policies, and digital assets—all left behind because there was no estate planning in place. Without a clear plan, your hard-earned assets could be lost in legal limbo instead of benefiting your loved ones.
Protect Your Home: Why and How to Add Your Living Trust to Your Home Insurance Policy
Are you setting up a trust to protect your assets and to pass down to your children? It might be something you never thought about. But did you know that your homeowner's policy might not fully cover your living trust trust if you do not properly add trust to homeowners insurance? You do not want to find out the hard way that your insurance won't pay out when you need it most.
Who Is the Grantor of a Trust?
Trusts are legal contracts used to protect assets and transfer property ownership from one individual to another. They can help […]
Webinar Replay: The Hidden Dangers of DIY Estate Planning
Did you miss our recent webinar on the Hidden Dangers of DIY Estate Planning? Or maybe you want to revisit the valuable insights shared during the session. Here is access to the recording.