Difference Between Wills and Trusts A will is a document that provides instructions for how to distribute a person’s assets after death. A will only becomes effective upon the testator’s death, so the
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Difference Between Wills and Trusts A will is a document that provides instructions for how to distribute a person’s assets after death. A will only becomes effective upon the testator’s death, so the
Before deciding to modify a trust, it is important to consider the tax implications of such action. Modifying a trust could adversely affect income, gift, estate, and/or generation-skipping transfer taxes. Trusts generally are
You may be surprised to learn that not only has asset protection planning been around for a long time, but you likely have already engaged in it at some point during your life.
Is your estate planning up to date? There are a few simple questions you can ask yourself to find out. Do you have a will or a trust? Without your own plan you
An estate plan that includes a revocable living trust is an excellent way to protect yourself and your loved ones upon your passing or in the event you are unable to manage your
A will or trust contest can derail your final wishes, quickly deplete your estate's assets, and create huge rifts among your loved ones. However, a properly prepared estate plan can help your family
Sometimes giving assets outright to a beneficiary – such a child, a grandchild or a special needs loved one – is not the ideal method of distributing assets in an estate plan. In
You just found out that your favorite aunt, Aunt Melba, has died and have received a notice from the attorney handling Aunt Melba's affairs stating that you are a beneficiary. Your best friend advises
Recovering from a Health Scare? Now is the time to put your estate plan on the front burner. According to the Centers for Disease Control and Prevention (CDC), someone in the U.S. has
When you sit down to create your estate plan, there are likely dozens of questions running through your mind. Who should get possession of your home? Who should run the family business? Will
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