Charitable Remainder Trust/ Irrevocable Living Trust
The mere mention of words such as ‘will’, ‘estate planning’, or ‘probate’ sends anyone in earshot scurrying for safety. It is natural to avoid conversations that involve accepting the reality that life does eventually end, however, it is critical to sit down and plan out what will happen to your estate once you cannot advocate…
Many people are uncomfortable thinking about their passing and put off estate planning, but preparing for this event allows one to ensure that assets are distributed appropriately. Estate planning can also provide benefits while you are alive as irrevocable trusts can help one safeguard assets. Trusts Trusts allow an individual or couple to pass assets…
Families seeking to give their children or grandchildren money should consider a living trust, which is an account where someone’s assets are held for the benefit of another person. The grantor is the person who starts the trust and has control over who his beneficiaries will be as well as how the assets will be distributed….
When you are thinking about asset protection and estate planning, you may think that the two go hand-in-hand. Sometimes that’s true, but not always. If you go to the trouble of creating a living trust to hold your assets, you think that this keeps them out of creditor’s hands. The common revocable living trust used in estate…