Trusts In Mass Estate Planning
A powerful tool that can add detail to your estate planning
There are two common trust types in estate planning. (The business world uses other types of trusts.)
In personal estate planning, Revocable (changeable) or Irrevocable (not changeable) trusts may be useful, depending on family and tax situations. Both types do not need to go through a court process called probate to be capable of transferring assets upon death or another event you state in the trust. Differently, a will is valid only at death and has to go through probate (court proceedings) to become active. |