Will a Revocable Living Trust protect against creditors?
Understanding the benefits of a revocable living trust is important. Although a revocable living trust has many functions, creditor protection is not one of them… Read More
Understanding the benefits of a revocable living trust is important. Although a revocable living trust has many functions, creditor protection is not one of them… Read More
Many people wonder if refinancing a home held by a trust is possible. The short answer is yes, you can refinance your home held by your revocable living trust. However, the lender may require a few additional steps to complete the refinancing… Read More
Understanding the operation of a joint trust at death is important. For a married couple, a joint revocable living trust means that both spouse’s assets are held jointly in one trust… Read More
Understanding the duties of agents in estate planning is important. A Personal Representative is the person put in charge of managing your probate estate at your death… Read More
You should carefully consider gifts and understand their consequences. The federal gift tax and estate tax are integrated into one unified tax system, the unified credit… Read More
Not necessarily. It is best to pick the best person or persons for the job. List the qualities you want.… Read More
Planning for children to receive a large inheritance is a valid concern. It is generally not a good idea to give a large sum of money to a young beneficiary who lacks money management skills and good judgment… Read More
Basic estate planning is important to ensure your wishes are honored. Basic estate planning has two parts; planning for incapacity and planning for death… Read More
A gift of a home has significant tax issues which need to be discussed. The biggest concern is whether the children who receive the home will have to pay income taxes on the receipt of the gift… Read More
A guardian or conservator cannot execute a will for their protected person. The right to make a will is personal to the person and cannot be exercised by another… Read More