Gifting can always be done through a Last Will and Testament; however, many people choose to use a trust agreement instead of, or in addition to, a Will to make gifts within their estate plan. There are numerous benefits to using a trust to distribute assets, including the ability to retain a certain degree of control over the assets gifted and the ability to prevent a beneficiary from squandering assets. Once you create a trust and name a beneficiary though, can that beneficiary sell his/her … [Read more...] about Can a Beneficiary Sell His/Her Interest in a Trust?
Revocable Living Trust
As both your assets and your family grow, your estate plan will also likely need to expand in order to accommodate that growth. One of the most popular estate planning tools to add at that point is a living trust. If you choose to incorporate a Living Trust into your estate plan, you will need to choose a Trustee for your trust. Our Living Trust Attorney at the Collins Law Group helps you decide how to choose a Trustee for your living trust. What Is a Living Trust? A trust is a … [Read more...] about How to Choose the Right Trustee
Thanks to advances in medicine and science, as well as an overall better quality of life, Americans at the beginning of the 21st century have an average life expectancy of almost double what they had at the beginning of the previous century. Despite this, the natural aging process has not changed significantly during the last 100 years. We are simply better able to prolong the inevitable. As a result, it often comes as somewhat of a shock when we realize our parents are getting old – and that … [Read more...] about When Roles Reverse & Your Parents Need You Help
What Is a Revocable Living Trust? from Collins Law Group Living trusts provide a number of valuable benefits, and you don't have to be wealthy to enjoy them. We will look at a few of them in this presentation. … [Read more...] about What Is a Revocable Living Trust?
If you were to create a revocable living trust, you would be referred to as the grantor of the trust. You may assume that you lose direct control of assets that you convey into the trust, but this is not the case when you have a revocable living trust. The person or entity who administers a living trust is called the trustee. You can act as the trustee while you are alive and well, so you would be the person controlling the actions of the trust. Topics covered in this report include: … [Read more...] about Free Report: What Is a Revocable Living Trust in California