In establishing a trust, you have to consider who you want to oversee the trust and protect your assets and legacy. When it comes to trusts, you have to appoint a trustee. According to the U.S. Bank, choosing a trustee may be one of the most important financial...
Estate Planning
Will, trust or both?
The documents included in your estate plan are your choice. You can choose those that are appropriate to your situation and leave out those that do not meet your needs. Most estate plans include either a will or a trust. Some include both. Knowing the strengths and...
When may I consider creating a revocable trust?
Many Florida residents refer to a revocable trust as a living trust, which essentially means that you may change it at any time while alive. If you regularly purchase and sell assets, you may transfer them to or from your living trust up until your death. The Florida...
What are the steps for estate planning?
Estate planning can benefit your loved ones in a number of ways, especially once you are no longer there to voice your desires regarding any assets and how you want them divided among the family. Detailed instructions laid out in language that is simple to understand...
3 benefits of setting up a trust
When preparing for the future, many parents consider setting up trusts for their minor children. Generally, trusts give people greater flexibility and control in how and when their property and assets get distributed. Understanding the benefits of trusts may help...