- Average Cost of a Will vs. Living Trust
Wills and living trusts are fundamental estate planning tools that dictate what happens to your assets when you’re gone. More specifically, wills are legal documents that contain instructions about how all of your affairs will be settled after you pass. Meanwhile, living trusts are legal entities that are focused on distributing your assets according to… read more…
- What Is a NING Trust?
The Nevada incomplete gift non-grantor (NING) trust is a tool designed to provide affluent individuals with a legal avenue for asset protection and tax optimization. These specialized trusts leverage Nevada’s advantageous tax codes and trust-friendly laws, enabling residents of high-income-tax states to shield certain assets from those taxes. If you need help protecting your assets… read more…
- How Can I Receive Living Expenses as Grantor From an Irrevocable Trust?
Trusts are an independent legal entity, similar to a corporation. As a result any assets you contribute belong entirely to the trust itself, the same as if you gave your money to any other third party. If the trust is an irrevocable trust, there is no legitimate way for you to take this money back. You… read more…
- How Much It Costs to Create a Living Trust in California
Because the probate process in California takes longer and costs more than in many states, Californian estate planners are especially likely to use a living trust as part of an estate plan. While they are intended to save time and money when settling an estate, setting up and funding a California living trust does consume… read more…
- 5 Benefits of Living Trusts
A living trust is a legal document that is used in estate planning to manage and distribute your assets after death. Here are five common reasons why you could benefit from a living trust. If you need help planning your estate, a financial advisor can walk you through different steps to protect your assets for… read more…