How Are Trusts Taxed?
Death and taxes. Two things in life we find unavoidable. Although there are ways for decreasing your tax deduction, there are no ways from getting away from the tax man. To put it simple, everything we touch is t...
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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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Why Put A House In A Trust?
One major benefit of placing your house in a trust is that it avoids probate following your passing away. Each of your other assets, if you have a will or not, are required to go through the probate process. P...
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What is an A-B Trust?
A-B trusts are a joint trust created by a married couple for the intent of decreasing estate taxes. Upon the passing of the first spouse, the A-B trust splits into two. It is created with each of the spouses’ put...
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What is a Special Needs Trust?
Special needs trusts are a legal arrangement and trustee relationship enabling a physically and/or mentally debilitated or constantly ailing individual to receive income without decreasing their qualification for...
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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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Putting Property in a Trust
You don't have to be a Musk to require a trust. Trusts can be useful estate-planning tools for lots of individuals. But given the costs related to opening one, it's most likely not worth it unless you have a cert...
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Living Trust Pros and Cons
The whole idea of living trusts has a certain mysteriousness. You may think they're only for very affluent individuals, or that they're a lot harder to devise than a straightforward last will and testament. Howev...
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Living Trust vs Will Differences
Discover the differences between a living trust and a will. What are the differences between revocable living trusts and wills? And which do you need to make? What Is a Will? A will is somewhat straightforwa...
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