A living trust can be defined as the process of managing one’s financial assets for one’s current and future enjoyment. This is different than a standard trust, which holds property aside for a future beneficiary. Living trusts allow both the trustee and the beneficiary to profit from the ongoing hands-on management of the trustee. Living … Read moreBenefits of Creating a 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 … Read morePreparing for the Worst – Living Trust or a Will?
Living trusts can be quite confusing to the average consumer. First, creating a living trust occurs while a person is still alive. Within the living trust, assets are gathered and transferred from an owner’s name into the name of the trustee assigned to the living trust. The property within the trust is owned by the … Read moreWhy Create a Living Trust?
To understand why a living trust could be the best option for you, it is important to understand the functions of a trust in general. In order to do that, it is important to understand what happens under normal circumstances when people die. At some point, either before or after death, everything you own, every … Read moreIs a Living Trust the Best Way to Provide for Your Family After Your Death?
It’s commonly understood that it makes sense to have some form of written document that details how your assets will be divided up and distributed after you pass away. However, there are some important differences between the two concepts. A living trust, which is often referred to as a “revocable” trust, is a binding legal … Read moreA Living Trust vs a Will – A Comparison
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. … Read moreAdvantages and Disadvantages of a Living Trust
If you’ve been considering estate planning, and specifically a living trust, it may benefit you to consider a family trust. A family trust is a type of living trust, with the allocation of assets or funds being made to your named beneficiaries – family members – with certain conditions attached. The trust is managed by an appointed … Read moreThe Benefits of Establishing a Family Living Trust
Most everyone realizes that it’s important to have a legal document drafted that outlines the distributions of your assets at the time of your death. This helps ensure that your wishes are honored, and it makes life a bit easier for family members and beneficiaries. Without this important document, the court has a big say … Read moreWhy a Living Trust Could Benefit You
There are a number of important benefits to the creation of a living trust. Of course, different states have different regulations regarding the formation of a living trust, but the underlying function of the trust remains the same: all the property that is left in trust does not have to go through the probate system to … Read moreThe Living Trust: An Option for Protecting the Future
Below is one of our mail out letters we send to targeted customers in an effort to educate the public on the advantages of a Texas Joint Stock Company over other legal entities such as corporations, LLCs, Trusts, partnerships, etc. We hope you find it useful in evaluating your future needs for asset protection, privacy … Read moreAdvantages of the Texas Joint Stock Company over other Entities