Have you ever stopped to think about who would handle your affairs if you suddenly couldn't? It's a thought many of us push aside. But imagine a serious illness or a car accident that leaves you unable to make your own choices; this is where proper incapacity planning documents become so critical.
A pickleball friend was pleased with himself for completing his living trust. Over a game of pickleball, he told me he had recently completed his entire estate plan online. “It was cheap,” he said with a grin. “The site walked me through it all."
Creating a living trust is one of the most important steps you can take to protect your family, your home, and your assets. Despite the many benefits, millions of Americans put off this essential part of estate planning and let the government take control of your assets. You pay for in this in the end.
Do you know exactly where your assets will go after you pass away? More importantly, do you want the flexibility to change your plan as your life evolves while also protecting your family from unnecessary delays, legal costs, and public court proceedings? Learn about the benefits of a revocable living trust.
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.