Aug 16, 2022 | Insights
Who are the parties in a trust? There are only three parties to a trust, and that’s all you need to know: 1) Trustor: This refers to the person who created the trust and put their assets into it (think “creator”). 2) Trustee: This is the person whom...
Aug 9, 2022 | Insights
Regardless of whether someone has a will, their family will have to go through probate (but not for assets in a trust … and we’ll get to that ). The purpose of probate is to change ownership of an asset from the name of the deceased to the name of the beneficiary. The...
Aug 2, 2022 | Insights
A poorly-constructed estate plan can in some cases be worse than having no plan at all. For example, let’s assume someone wants to make sure that when they pass away, their assets are inherited by their children. Now let’s assume that this person was to mistakenly...
Jul 26, 2022 | Insights
The loss of a loved one comes with many unexpected challenges. Losing a beloved relative or friend can be overwhelming, and the process of handling their affairs in the wake of such a loss only adds to the stress. Many families are eager to tie up loose ends and...
Jul 19, 2022 | Insights
A properly funded trust allows you to avoid probate, minimize taxes, provides organization, maintains control, and provides for yourself and your heirs. In its most simple terms, a trust is a book of instructions wherein you tell your trusted people what to do, when....
Jul 12, 2022 | Insights
A spouse’s death creates a difficult and demanding time for the surviving partner. As much as you might want space and time alone to process your grief, you may have certain responsibilities related to settling your deceased spouse’s affairs, including paying off...
