What is Estate Planning?
Estate Planning is merely the process of making it undoubtedly known how you want your estate to be managed following your passing or should you be debilitated and unable to manage things on your own. The most ty...
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When is Probate Required?
When someone passes away, probate (if they passed away with a will) and estate administration are the typical ways to conclude a deceased’s financial life. Both the probate process (demonstrating a will genuin...
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What is the Difference Between Will and Estate Planning?
It is not strange for individuals to confuse creating a will as opposed to estate planning. Ultimately, a will is legal documentation that declares how you want the possessions that comprise of your estate to be...
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Who Owns Property In a Trust?
Assets that are transferred into the trust turns into trust property. Trust property comprises of any assets that the grantor — the creator of the trust— transferred into the trust throughout their lifetime, o...
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Revocable Trust vs. Irrevocable Differences
Revocable trusts and living trusts are individual terms that detail the same thing: a trust in which the conditions can be modified at any time. Irrevocable trusts detail a trust that cannot be altered after its...
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