What is a life estate and how does it work?

What is a life estate and how does it work?

Life Estates A life estate deed transfers ownership of your real property to a beneficiary upon your death but allows you to retain the right to live in and use the property for the rest of your life. In most states, you also retain your homestead exemption for as...
What Does It Mean to Fund Your Trust?

What Does It Mean to Fund Your Trust?

What Does It Mean to Fund Your Trust? Funding a trust is the process of transferring ownership of your accounts and property from you as an individual to yourself as the trustee of your trust. Although the trust will technically own the accounts and property after the...
Trust Funding: Setting Your Trustee Up for Success

Trust Funding: Setting Your Trustee Up for Success

A revocable living trust can serve as a valuable estate planning tool to help ensure that your finances remain well managed if you become incapacitated (unable to manage your affairs while you are alive) and to provide future financial security for your loved ones...