Trusts

Revocable trusts offer flexibility and control in estate planning. Unlike irrevocable trusts, you can modify or dissolve a revocable trust at any time. This provides you with the ability to maintain control over your assets and ensure smooth estate distribution after...

Using a trust as part of your estate plan can provide tax benefits for your family during the probate process. However, effective use of a trust can also bring certain tax benefits directly to you during your lifetime.   Different types of trusts offer opportunities...

A trust offers flexibility in estate planning, but life circumstances can change after its creation. Knowing how to modify or revoke a trust ensures that it continues to reflect the grantor's intentions. Revocable vs. irrevocable trusts The ease of making changes to a...

Understanding how trusts work is essential for beneficiaries who may need access to funds. Knowing your rights and the trust's specific terms can help you navigate this process. Understanding the role of the trustee A trustee manages the trust and is responsible for...

Marital trusts can be a valuable tool for estate planning, helping to manage and distribute assets effectively. These trusts offer a way to ensure your spouse gets taken care of while potentially reducing tax burdens. What is a marital trust? A marital trust, also...

When it comes to managing assets, trusts offer a valuable solution. Trusts come in various types, each designed to cater to unique needs. Understanding the distinctions between these types can help individuals make informed decisions about their estate planning....

Planning for the future is an important aspect of securing your assets and ensuring your loved ones receive everything you intend. A powerful tool that many people overlook is the living trust. This legal arrangement offers numerous benefits and can serve as an...

Creating a trust provides you with a place to put your assets so you can convey them to one or more persons or an organization such as a charity. However, your trust should offer you the kind of protection and benefits you hope for. You will need to decide whether you...

To help your estate plans succeed, consider the right estate planning method to pass on your property. A trust can be beneficial to your family, but it is not always the best way to convey some assets to your loved ones. Kiplinger describes a few examples of property...

If you have a family member who struggles with a disability, you could have a number of different issues to confront on a regular basis. From providing care to dealing with concerns about their future, these situations can generate stress, anxiety and uncertainty. It...