- How to Create a Living Trust in Hawaii
Planning for the future is an important step in ensuring your loved ones are cared for and your assets are protected. In Hawaii, many residents are turning to living trusts as a practical way to manage their estates, avoid probate, and maintain privacy. A living trust is a legal document that allows you to place… read more…
- How to Create a Living Trust in Vermont
Contrary to public perception, trusts aren’t only for the wealthy. Indeed, anyone who owns property in Vermont and whose estate is worth more than $10,000 may want to set up a living trust to avoid probate. The court process can… read more…
- How to Create a Living Trust in Idaho
After working so hard to build and manage your wealth, you’re not about to let it just scatter to your heirs without a plan. You want to steer it to them intact, which may include creating a living trust to… read more…
- How to Create a Living Trust in Massachusetts
Thinking about the best way to structure your estate may not be particularly enjoyable, but it’s essential if you want to leave a financial legacy to your family. For many, a great way to streamline things is through the creation… read more…
- How to Create a Living Trust in Kentucky
After the years you put into building your wealth, you want to pass it on to your heirs intact and ideally without the delay of the courts. For Kentuckians, setting up a living trust makes a lot of sense since… read more…
- How to Create a Living Trust in Nevada
Creating a living trust can be a great way to be proactive with your estate planning, giving you the means to protect your assets and make life easy for your family after you’ve died. But the rules governing the creation… read more…
- How to Create a Living Trust in Indiana
If you plan to leave a substantial amount of assets and property to your loved ones, an Indiana living trust can simplify the process. By transferring your assets to a living trust, you will enable your heirs to avoid the… read more…
- How to Create a Living Trust in Mississippi
In Mississippi, individuals can use living trusts as an estate planning solution. A living trust lets you retain control of your assets during your lifetime while ensuring a smooth transfer to your beneficiaries after death, often avoiding the delays and costs of probate. Whether your estate is small or substantial, establishing a living trust can… read more…
- How a Special Needs Trust Works
If you have a loved one who deals with chronic illness or a disability of some kind, you want to be able to keep supporting them after you’re gone. However, you don’t want to disrupt their ability to collect funds from programs like Medicaid or Disability. In these situations, you can use a special needs… read more…
- How to Create a Living Trust in Montana
Estate planning is a process that allows you to protect your assets in the event of your incapacitation or death. One way to do so is by forming a living trust. Living trusts are legal documents that ensure your assets… read more…
- How to Create a Living Trust in Missouri
Setting up a living trust in Missouri can help your heirs receive your estate promptly. It does this by avoiding probate, which can take some time in the state, since it has not adopted the Uniform Probate Code. We’ll tell… read more…
- How To Create a Living Trust in Oklahoma
If your estate is worth more than $200,000, you should consider creating an Oklahoma living trust. This estate planning tool allows your heirs to receive your assets without waiting for probate, which takes longer in your state than states that… read more…
- How to Create a Living Trust in Tennessee
It’s not only natural to be thinking about what will happen to your property after you die. It’s also smart. For Tennesseans who want to spare their heirs the time and expense of going through probate, transferring assets to a… read more…
- How to Create a Living Trust in Minnesota
Estate planning is a key part of ensuring that your assets are properly distributed after you’ve died. One of the many estate planning options available is to create a living trust in which you can put your assets and property.… read more…
- How to Contest a Will in Probate Court
When someone passes away, their estate may have to go through the probate process. If they left a will, that document can be legally contested in probate court. There are several reasons why a will may be challenged. Understanding how… read more…
- How a Bypass Trust Works in an Estate Plan
Creating an estate plan is an important step in managing and protecting your wealth. This is especially true if you’re married and want to leave assets to your spouse without worrying about a probate process. A bypass trust could… read more…
- Why a Generation-Skipping Trust May Be a Good Idea
For many grandparents, it might make sense to get a generation-skipping trust, which is one of the cleanest ways to give money directly to your grandchildren without having that money go through their parents (your children) first. This is also a way to pay the estate or inheritance tax just once. As you navigate this… read more…
- What Joint Tenancy Means for Your Estate Plan
Estate planning allows you to decide how your property, assets and other valuables will be distributed after you’re gone. For individuals who are married or share property with someone else, joint tenancy can become part of these discussions. This form of ownership can play a significant role in your overall estate plan, impacting how assets… read more…
- How an Irrevocable Life Insurance Trust (ILIT) Works
iiii An irrevocable life insurance trust (ILIT) can provide peace of mind as you start your estate planning process. If you have a sizable estate or young beneficiaries, an ILIT can provide control over a life insurance policy that a… read more…
- What Is the “Death Tax” and How Does It Work?
Dying may get you out of a lot of things, but not taxes. If you have a lot of property and assets you want to leave to your children or other heirs, it may be subject to taxation. Federal and some… read more…
- What Is a Trustee and What Are Their Responsibilities?
A trustee is an individual appointed to administer assets or property for the benefit of a third party. A trustee could be appointed for the purpose of bankruptcy, a charity or certain kinds of retirement plans, but the most common… read more…
- Irrevocable Trusts: What They Are and When to Use Them
An irrevocable trust can maintain your wishes after you die, but it will cost you some flexibility. While a last will and testament requires a probate court process to distribute your assets to heirs, most trusts avoid probate. However, your… read more…
- What Are Transfer on Death (TOD) Accounts for Estate Planning?
Transfer on death (TOD) accounts can keep your estate planning intact while keeping your beneficiaries out of court. If you’re among the 57% of adults, according to Caring.com, who don’t currently have a will or trust, your family will likely head to probate court.… read more…
- How and Where to Create a Will Online
By having a will in place when you pass away, you can detail how you want your affairs and assets to be handled. To ensure your will is valid, you’ll need to create a meticulous plan for how your possessions will be distributed once you pass. The sheer volume of possessions and assets you’ve accumulated during… read more…
- How to Set Up Medical Power of Attorney
Complete estate planning includes setting up a medical power of attorney. This legal document – also called a healthcare power of attorney or durable power of attorney for healthcare – authorizes the person you designate to make medical decisions for you in the event you become incapacitated. Typically, this power encompasses choosing doctors, treatments and care facilities as… read more…