Before we look at the question that serves as the title of this post, we should explain some things about living trusts. First, you should understand the fact that you do not lose direct personal control of assets that you convey into a living … [Read more...] about Are Living Trust Distributions Taxable?
spendthrift protection planning
Most people do not have estate plans in place, and one of the underlying reasons is the assumption that estate planning involves one simple act. You draw up a will at some point when you are old and gray, and you have taken care of the … [Read more...] about Why Would You Use a Trust Instead of a Will?
You have some decisions to make when you are planning your estate, and the asset transfer vehicle will be at the top of the list. Most people assume that they should use a will because they do not fully understand the reasons why you may want to … [Read more...] about Trust vs. Will: Which One Is Right for You?