Category: Trusts
There are many opinions on the use of wills and trusts but each has strengths and weaknesses. When you are getting advice on wills and trusts it is best to decide which option is best for you but in order to do that you need to know the differences, according to the Motley Fool in […]
Bypass trusts are not as popular as they were at one time but can still work under certain circumstances. The “bypass” trust has gone out of favor as a result of federal estate law changes but can still work for you, according to the Poughkeepsie Journal in “Bypass trust works better for many families.” Basically, […]
Avoiding probate by setting up a trust only works if it is funded. Setting up a trust to bypass probate is often a good idea but it is important to make sure the trust is properly funded, according to the Green Bay Press-Gazette in “Estate Planner: Importance of funding your trust.” Funding the trust is […]
A trust is where you place your big assets and that often includes your home. A question people often ask in estate planning is what goes into a trust and should your home be in it, according to a FOX News discussion “Why Should I Put My Home in a Living Trust?“. To understand the […]
A family often needs available cash assets when the breadwinner passes away but life insurance can create a problem. While life insurance can often be the answer for a family in need of cash assets because it pays out immediately, that solution may not be the right answer, according to Forbes in “3 Considerations for […]
There are a lot of legal documents and it may be wise to learn a bit about them. The Ventura County Star recently published a list of basic estate planning documents that could help you better understand the lingo when meeting with an attorney in “Get to know estate planning documents.” The documents included are: […]
Trusts are sometimes difficult to understand but acquiring that knowledge can be very beneficial. When a person learns they may need to set up a trust, the terminology can be challenging but there are some common trust types as the Motley Fool recently discussed in “Navigating the World of Trust Funds: Your Quick Guide.” The […]
Dear Abby column advises setting up trust but is that really good advice under the circumstances? A Dear Abby column was recently published in the Chicago Sun Times on setting up a trust in “Dear Abby: He wants a night when wife dresses sexy.” But is that advice really the right way to go? The […]
Setting up a trust takes work, effort and time but the results can solve a lot of problems. Creating a trust can be time-consuming but the efforts almost always pay off as reported in the Green Bay Press-Gazette article “Setting up a trust is worth the work.” The two biggest advantages to a trust are […]
The basics of a trust can be of great help in estate planning. The Motley Fool recently discussed some of the basics of the use of a trust in estate planning with its article “What Is a Trust Fund?”. The benefits of a trust and the advice for using them can be found in many, […]
