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Tag: Family Trust

Family Trust

Setting 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 […]

Probate

Probate is the process used to reconcile a person’s estate upon their death. It is necessary for recording the death and making certain financial obligations are satisfied according to state law. All assets that are not protected by a trust or transferred using assignment of beneficiaries are frozen until the estate is settled. Probate typically […]