A trust is a legal document that creates a virtual container for money and property. These assets are managed by a trustee (an institution or person) for the benefit of another (the beneficiary). The person who sets up the trust and funds is called a grantor, trustor, or donor. Once ownership of an asset is… Continue reading What Is An Estate Planning Trust?
The will and estate planning are interrelated with each other. Because the type of estate trust completely depends on the formulation of the will. While planning any estate before the estate attorney, the primary step is to compose the will and relocate the monetary distribution in that will. The process of this type of asset… Continue reading Types Of Wills In Estate Planning
A will is a document that declares a person’s wishes to transfer his/her real estate to another at death. The only difference between a will and a testament is a will applies to real estate while a testament applies to personal property. You no longer need to write a will and testament as separate documents… Continue reading Do I Need A Last Will And Testament?
There are several ways to manage an Estate after the passing of a loved one. In most cases, this process involves gathering important information, managing financial affairs, and distributing assets and belongings to family members. A Fiduciary or Executor may be tasked with managing these various responsibilities on behalf of the deceased. Picking Estate Fiduciaries… Continue reading Designating Fiduciaries in Estate Planning
Estate planning allows you to get your affairs in order in the event you become incapacitated or die. A will, which is the most basic estate planning tool, contains a written set of instructions to your loved ones as to how you want your estate to be distributed after your death. If you die without… Continue reading Why do I need an estate plan
