What is a life estate deed?
A life estate deed is a way to transfer ownership of real (tangible) property. This deed is legal documentation that alters the ownership of a piece of real (tangible) property. The person that owns the rea...
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Transfer on Death Deeds vs. Living Trusts
When you are wanting to keep your real estate out of probate, you could be weighing the pros and cons of utilizing a transfer on death deed instead of a revocable living trust. Transfer on death deeds (occasio...
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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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Estate Planning When You’re Elderly or Sick
It is now time to take solid steps in establishing an estate plan. It's also a wise to think about what might happen prior to your passing, should you become unable to manage your own affairs or would simply welc...
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Types of Trusts for Estate Planning
A well-devised estate plan guarantees that an individual’s assets are going to be smoothly passed on to their chosen beneficiaries following that individual passing away. Without an estate plan it can lead to fam...
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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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