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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Do I Need 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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Can You Write a Legal Will Without a Lawyer?
A last will and testament is initial documentation in your estate-plan and the ideal way to make your life after death desires known to friends and family members. Not having a legal will, a court and state laws...
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