A child trust fund can be established to set aside funds for college tuition, living expenses, healthcare costs, and to pass along family inheritance. Since there are various types of trusts it is recommended to consult with a lawyer to discuss overall goals and tax advantages. Prior to arranging a child trust fund to fund […]
read moreArranging a revocable trust is one of the simplest and most affordable ways to protect assets. By transferring ownership of property to a trust the estate bypasses the probate process and assets can be gifted to beneficiaries soon after death. Most people prefer a revocable trust because the terms can be changed when needed. Trusts […]
read morePreparing a Will and Testament is one of the best final acts a person can do for their family. Any time someone passes away without writing a Will their relatives have to make decisions they usually aren’t prepared for. Writing a Will and Testament isn’t a difficult process and offers many benefits. First of all, […]
read morePeople are often unsure about using a California living trust, especially if they don’t own a lot of property. This estate planning strategy is a good way to keep assets out of probate and can also minimize or remove federal estate taxes. As with all estate planning methods a living trust offers benefits, but can […]
read moreSetting up a family trust is one of the most common types of estate planning methods. Also known as a living trust, this method involves transferring ownership of personal belongings and financial assets so property does not have to go through probate for settlement procedures. While it isn’t difficult to arrange a family trust, most […]
read morePeople find trusts one of the most confusing aspects of estate planning and with good reason. There are various kinds of trusts used to address individuals’ unique needs. Some are to protect inheritance for young children, others are needed for business owners, and yet others are setup to offset estate taxes. Most people setup trusts […]
read morePreparing a last Will is necessary with every kind of estate planning. Regardless of if estates pass through probate or are protected by a trust, a Will is needed to provide directives. It is used to appoint a personal representative and name the individuals entitled to personal possessions. The last Will is very helpful to […]
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