by Mitch | Mar 8, 2022 | Uncategorized
A Trustee is someone you name to manage the trust upon your death. You need to name a Trustee for a Living Trust, which is created during your life, and a Testamentary Trust, which is created at your death. The Trustee should be someone that you trust to manage...
by Mitch | Mar 8, 2022 | Uncategorized
The benefit of transferring your house into the Living Trust during your lifetime is to avoid probate after your death. Especially if your home is one of your largest assets, you would want to transfer your home into your Living Trust when you execute your other...
by Mitch | Mar 8, 2022 | Uncategorized
In short, yes. You will want to have a Will in addition to your Living Trust. The two main reasons are: If you have minor children, you should name a guardian. A Will is necessary for this. While the goal is always to transfer all of your assets into your Living...
by Mitch | Mar 8, 2022 | Uncategorized
In short, no. You can create a joint Living Trust with a spouse, but you will both need your own separate Wills (even if you have a Trust). Your Will designates someone to handle your estate, distributes your property – both real property and tangible personal...
by Mitch | Mar 8, 2022 | Uncategorized
It’s tax season, and not only are you responsible for income and other taxes, but it is time to examine your real estate taxes for any properties you own. If you live in the District of Columbia, you should have recently received a Notice of Proposed Real Property...
