A trust can certainly be a useful tool when making an estate plan. You can use it to control how the money that you put into the trust is used in the future. That said, it's essential to carefully consider all of the steps you take when you make this trust. You don't...
Month: January 2022
Why Blended Families Should Include A Trust In Their Estate Plan
Getting remarried when you already have children can be a practical decision. Marrying someone with children of their own means that you can combine forces to parent together. Your children gain a stepparent and stepsiblings, while you gain a spouse and stepchildren....
What Is The Difference Between A Revocable And Irrevocable Trust?
If you're considering a trust as part of your estate planning, one of the first decisions you have to make is if you want to use a revocable trust – often called a living trust – or if you'd like to use an irrevocable trust. They're similar in some ways, in that...
What Is Trust Administration (And Who Is Responsible For It)?
Some people opt to pass assets down to beneficiaries through the use of a trust. This is an arrangement that enables the assets to bypass the probate process. A trust can be set up based on specific wishes from the creator. When a person creates a trust, the assets...