Trusts

If you are thinking of establishing a trust as part of your estate plans, one of the key decisions you’ll need to make is whether to go with an irrevocable or a revocable trust. They both offer distinct advantages and disadvantages, so it helps to understand their...

What is a revocable (aka living) trust? It is a trust fund that the maker can modify to meet their current or changing needs. A revocable trust is flexible, often bypasses probate, and keeps your financial matters private. Upon death, the trust will automatically...

Most family business owners focus on the business’s day-to-day activities and forget to plan for the future. However, it’s crucial that you keep both details in mind to ensure your business continues running even in your absence. While setting up a limited liability...

People who are ready to get an estate plan set have a lot of things to think about. They must ensure that their assets are able to be passed down to their heirs appropriately. One option for doing this is to establish trusts. When you start looking into trusts, you’ll...

Wills are the most popular estate planning tools. It could be due to their simplistic nature or because many people are familiar with them. Trusts, on the other hand, are shrouded in mystery. There are numerous misconceptions about how they work, and it’s no wonder...

Parents of a child who has special needs often worry about what will happen when both parents pass away. The child will still need care, but they won’t have either of those two trusted adults there to provide it. One way that these parents can ensure the child gets...

One thing that you may want to do when making your estate plan is to put some of your assets into a trust. If you do this, you also get to choose a trustee who manages it for you. For instance, maybe you have some real estate property that you want to pass on to your...

A trust is an important estate planning tool that can give you peace of mind knowing that your assets will go to the right people when you pass on. At the very basic, a trust is a legal arrangement where the settlor transfers certain assets to the trustee to hold for...

If you’re like many Floridians, you have a home here and one in another state. Maybe your Florida home used to be your vacation home, but now that you’re retired, it’s your full-time residence. However, you still have a cabin on a lake or in the mountains that you’ve...

If you don’t have someone in your family or friend group to whom you’d like to pass your assets, then you may want to think about leaving them behind to a charity that you support. You could put create a charitable trust as a part of your estate plan. You'd be able to...