Revocable Trust

Although your initial estate plan may consist of nothing more than a Last Will and Testament, that simplistic plan will undoubtedly grow over the course of your life to meet your changing needs. One of the estate planning tools you may choose to include in your expanded estate plan is a trust. As the Settlor (creator) of the trust you will create the trust terms. A Living Trust Attorney at Collins Law Group offer some tips to help you create those trust terms. Trust Basics A trust is a … [Read more...] about What You Should Consider When Creating a Trust

If you are fortunate enough to be a grandparent, you understand the joy a grandchild brings into your life. Becoming a grandparent may also prompt you to make some changes to your estate plan if you wish to include your grandchildren in your plan. A Los Angeles living trust attorney at Collins Law Office explains why using a living trust to gift to grandchildren is often a much better option than relying on your Will to make those gifts. Why a Last Will and Testament May Be Inadequate The Last … [Read more...] about How to Use a Living Trust to Gift to Grandchildren

You have a number of different legal devices at your disposal when you are engaged in your estate planning efforts. Trusts can satisfy many different respective underlying objectives, and you should understand all of the facts so that you can protect your resources and provide for each person that you love in the ideal manner. A major distinction between classes of trusts is the power of revocation. There are some trusts that you can revoke, and there are also irrevocable trusts. Let's look at … [Read more...] about Free Report: Should I Use a Revocable or Irrevocable Trust