- How to Create a Living Trust in Minnesota
Estate planning is a key part of ensuring that your assets are properly distributed after you’ve died. One of the many estate planning options available is to create a living trust in which you can put your assets and property.… read more…
- How a Bypass Trust Works in an Estate Plan
Creating an estate plan is an important step in managing and protecting your wealth. This is especially true if you’re married and want to leave assets to your spouse without worrying about a probate process. A bypass trust could… read more…
- Why a Generation-Skipping Trust May Be a Good Idea
For many grandparents, it might make sense to get a generation-skipping trust, which is one of the cleanest ways to give money directly to your grandchildren without having that money go through their parents (your children) first. This is also a way to pay the estate or inheritance tax just once. As you navigate this… read more…
- How an Irrevocable Life Insurance Trust (ILIT) Works
iiii An irrevocable life insurance trust (ILIT) can provide peace of mind as you start your estate planning process. If you have a sizable estate or young beneficiaries, an ILIT can provide control over a life insurance policy that a… read more…
- What Is a Trustee and What Are Their Responsibilities?
A trustee is an individual appointed to administer assets or property for the benefit of a third party. A trustee could be appointed for the purpose of bankruptcy, a charity or certain kinds of retirement plans, but the most common… read more…
- Irrevocable Trusts: What They Are and When to Use Them
An irrevocable trust can maintain your wishes after you die, but it will cost you some flexibility. While a last will and testament requires a probate court process to distribute your assets to heirs, most trusts avoid probate. However, your… read more…
- What Is a Trust Company, and What Does It Do?
A trust company is a legal entity that can serve as an agent or trustee on behalf of a trust. They can be either stand-alone entities or divisions of commercial banks. If you’re planning to use trusts as part of… read more…
- What Is Legacy Planning and Why Is It Important?
Traditionally, the process of planning for the transfer of assets to your loved ones after your death is known as estate planning. As you approach this process, you might also hear another term: Legacy planning. The terms are in many ways… read more…
- A Guide to the Different Types of Trusts
Having an estate plan in place can offer reassurance that your assets will be managed according to your wishes, both during your lifetime and after you pass away. While many people think of wills as the centerpiece of an estate… read more…
- Successor Trustee: Duties, Powers and More
Setting up a trust can be great way to control how your assets are distributed to your heirs after you pass away. Trusts are in many ways more flexible than wills in managing an estate’s assets. When you’ve passed, the… read more…
- How to Set Up a Trust Fund
Setting up a trust fund is one of many ways you can transfer money, property, and other assets to your loved ones or worthwhile causes. Like a will, it’s an estate planning tool that outlines how your affairs should be… read more…
- What Is a Grantor Retained Annuity Trust?
Passing money down from generation to generation inevitably involves taxes. There’s the gift tax and the federal estate tax. Many states also charge an estate tax. However, there is a way to gift larger sums of money without as big of a… read more…
- What Is a Totten Trust?
No one likes to think about death. It’s important, though, to consider your mortality when it comes to money and heirs. If you don’t, your family could end up having to scramble when you pass on. One way to prepare… read more…
- How to Create a Living Trust in Maryland
If you are thinking about estate planning, there are a lot of options available for ensuring your assets are protected and your family is taken care of once you’ve died. One of these options is to store your assets in… read more…
- How to Create a Living Trust in South Carolina
Are you getting ready to plan your estate? If so, you’ll have a lot of options to choose from to protect your assets for your family. One of them is a living trust. This article is for people in South… read more…
- How to Create a Living Trust in Louisiana
If you’re starting to think about estate planning, there are a lot of options out there for you. One method of protecting your assets for your family is to form a living trust. This article will take you through the… read more…
- How to Create a Living Trust in New Mexico
Are thinking about getting started on an estate plan? If so, there are a lot of possible routes you can take to prepare. One of the methods you can use is to make a living trust. This article will guide… read more…
- How to Create a Living Trust in Iowa
If you’re getting ready to plan your estate, you may be overwhelmed by the sheer number of options you have to choose from to protect your assets and your family. This guide will explain one of those options, living trusts,… read more…
- How to Create a Living Trust in Ohio
There are many ways to plan your estate, and it isn’t always easy to pick which method you’re going to use to protect your family and your assets. One option is to form a living trust. If you are in… read more…
- How to Create a Living Trust in Georgia
Planning an estate is a complicated process, and there are a number of ways to go about it. Whichever way you choose though, you’ll want to make sure your assets and your family are cared for and protected. A living… read more…
- How to Create a Living Trust in New Jersey
Getting your estate ready for when you die is necessary to secure your family’s future. One way to do this is to create a living trust. If you’re in New Jersey, this guide will walk you through the steps to… read more…
- How to Create a Living Trust in Wisconsin
Estate planning is incredibly important, yet it remains a bit of a mystery to many people. How exactly should you go about protecting your assets so your family is in the best position when you die? There are many ways… read more…
- How to Create a Living Trust in North Carolina
It isn’t easy to plan your estate. There are a lot of moving parts, and it isn’t always fun to think about what is going to happen to your family and your property after you’ve died. Still, it’s important to… read more…
- How to Create a Living Trust in Arkansas
Legacy and estate planning is a difficult and sometimes uncomfortable process. One possible way to make it easier is to form a living trust. If you live in Arkansas and you’re thinking about creating a living trust as part of… read more…
- How to Create a Living Trust in Washington
There are a number of routes you can take when building your estate plan. One way to protect and pass on your estate is to form a living trust. If you’re in Washington and want to create a living trust,… read more…