Trusts are commonly used within an estate plan because a trust can help to further so many estate planning goals. Given how popular trusts are, there is a very good chance that you will be directly involved in a trust at some point. If that trust is an irrevocable trust, it generally means that the trust cannot be modified or revoked by the Settlor (creator of the trust). Does that really mean … [Read more...] about Can an Irrevocable Trust Be Modified or Terminated?
For the uninitiated, the prospect of creating an estate plan can be intimidating. Most of the concepts, tools, strategies, and even terminology is foreign to someone who is new to estate planning. As the old adage says – knowledge is power. The more you learn about the estate planning process, the less intimidating it will be for you. In addition, by learning as much as possible before actually … [Read more...] about What Is a Revocable Living Trust?
If you work hard throughout your lifetime, save frugally, and invest wisely, you undoubtedly want the assets you manage to accrue as a result to benefit your family, both over the course of your lifetime and when you are gone. Unfortunately, there are numerous ways in which that simple hope could go unfulfilled – particularly if you fail to plan ahead. Simply gifting your heard-earned assets to … [Read more...] about Vero Beach Living Trust Lawyers: Using a Trust to Keep Assets in the Family
Although you will likely use a Last Will and Testament as the foundation of your estate plan, creating a comprehensive estate plan requires the additional of numerous other estate planning strategies and tools. One of the most popular of those is a trust agreement. If you are contemplating the addition of a trust to your estate plan, you will need to learn as much as possible about trusts, how … [Read more...] about Vero Beach Estate Planning Lawyers Explain Trust Basics