Setting up a trust as part of your estate planning and choosing the right trustee can be a smart way to protect, control and ultimately transfer your assets to your beneficiaries. But it’s important to choose your trustee — the person or persons who will oversee the management and distribution of your trust — with
Traditionally, most people have relied on a will to pass their assets on to heirs. But wills aren’t the only solution. Revocable trusts have become an increasingly popular estate planning tool. A revocable trust, also known as a living trust, is a written document you (the “grantor” or “trustor”) create during your lifetime, which contains
Financial planning: It can significantly improve your quality of life. But if done properly, its benefits extend even beyond your lifetime. One of the best examples of this is a living will. A comprehensive plan will include an updated, valid living will with a health care power of attorney. These documents help ensure that your
We are often asked, “What happens if I die without a will?” The answer is simple: You leave behind a mess for your family – one that will be managed by strangers through the court system. Leaving clear directions upon your death isn’t just a way to exercise control over your assets and important matters; it’s an act
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