Trusts are flexible tools to assist us in estate planning
Trusts: Revocable (changeable) or irrevocable (not changeable) trusts may be useful, depending on family and tax situations. Unlike a trust, a will is effective only at death and has to go through probate (court proceedings).
An advantage of a revocable trust is avoiding probate.
f I have confidence in the people that I’m naming as successive trustees, then I can simplify the whole process for them by using the revocable trust.
A successor trustee is a person who will handle your trust after you die or cannot be the trustee for some other reason.
Lawyers use the trust approach to help their clients achieve their goals.
Many times, a critical trust goal is to transfer of assets at death. Or to lower estate taxes by taking steps before as passing.
Through the trust, it is possible to separate the benefits of ownership from the burdens of ownership.
By becoming the trustee, the trustee receives the responsibility for the management of the trust property. For the Living revocable trust, it is common for the client to be the trustee of their trust at the beginning.
For our purposes, the primary objectives are
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Most middle aged people aren’t ready for their inevitable death. We make estate planning simple, affordable, and quick. So people can live in peace, knowing their affairs are in order.