by Mitch | Mar 8, 2022 | Uncategorized
The main benefit of a living trust is being able to avoid probate. This means that at your death, if all of your assets have been transferred into the Living Trust (or pass outside of probate through asset titling or a beneficiary or transfer-on-death designation),...
by Mitch | Mar 8, 2022 | Uncategorized
Sometimes it makes sense for more than one person to own a property. Spouses or other romantic partners might want to share in home ownership. Or maybe someone who already owns a home may want to add their child or other family member to the deed. This post will...
by Mitch | Mar 8, 2022 | Uncategorized
When you begin the estate planning process, it can feel overwhelming to think that you need to plan out your family’s future indefinitely. You may have a baby or young child right now, and you aren’t sure exactly what they will need as a teenager or young adult. It’s...
by Mitch | Mar 8, 2022 | Uncategorized
One of the most common conversations I have with clients during the estate planning process is related to the role of the Personal Representative. This is the person you name in your Will to handle your estate, and the role carries a number of responsibilities. Some...
by Mitch | Mar 8, 2022 | Uncategorized
There is no easy answer to this question, because it always depends on your circumstances, but you may want to create a trust for the following reasons: You get to pick the age your child inherits property – it could be 18, 25, 35 or even 50. Totally up to you....
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...
