You’ve heard the terms “funding your trust” and you know that it’s important for purposes of avoiding probate, but what assets should you be putting in trust? This article takes a look at bank/savings and other accounts and a few common questions many individuals have when transferring these accounts into the name of their trust. […]
Funding Your Trust & Why it’s Important
You’ve met with an experienced attorney and taken the next step in a successful estate plan by having your revocable trust drafted, finalized and signed. While you certainly deserve to take a sigh of relief, don’t stray too far from your preparedness mindset just yet. You may have sought after a trust specifically to avoid […]
Selecting a Successor Trustee
So, you’ve decided you need a Revocable Trust (also referred to as a Living Trust). Congratulations! You have just taken the first step towards successful estate planning. What’s next? One of the most important questions you’ll need to answer is who your Trustee will be. Typically, the grantor (you) of the trust chooses to be […]