Whether you're organizing your own estate planning documents and strategies or helping your elderly parents to do the same, it's important to take a step back and think about the ways that you can make things easier for your loved ones when you are no longer around. From a living will to a trust, your estate planning should be well thought out and organized. This first step of getting the estate plan in place is a necessary one but it's often not the end of the road for all of the things that … [Read more...]
What Does It Mean to Have A Trust Established?
A trust is an estate planning device that many families use to protect their assets, prepare for incapacity, and protect their loved ones. Establishing a trust means you are creating a separate entity apart from yourself. If you create a trust entity and intend for the trust to actually own the property, there are several important steps that you need to follow up with after you have created the trust. A trust is not a one and done type of estate planning strategy and in order for it to be … [Read more...]
