Monthly Archives: June 2011

How expensive is a trust

Is it expensive to create a living trust? The expense of a living trust comes up front. Many lawyers would charge relatively little for drafting your will, in hopes of getting your estate later as a client. They may charge … Continue reading

Posted in Business problems/solutions, Estate Planning, Senior Care | Tagged , , , , | Comments Off on How expensive is a trust

Probate and trusts

What Is Probate?   After a person dies, ownership -the legal title- of his or her property, assets and personal effects must be passed onĀ  to the beneficiaries listed in the Will. If there is no Will, the persons receiving … Continue reading

Posted in Estate Planning, Senior Care, Time Management | Comments Off on Probate and trusts

Living Trust

What is a living trust? A trust, like a corporation, is an entity that exists only on paper but is legally capable of owning property. A flesh-and-blood person, however, must actually be in charge of the property; that person is … Continue reading

Posted in Business problems/solutions | Comments Off on Living Trust

Compare and Understand Wills vs Trusts

Definitions A Will is a set of instructions regarding the disposition of property, it takes effect at death. Probate is the Court’s supervised disposition of property in accordance with the directions in a Will. A Trust is a set of … Continue reading

Posted in Estate Planning, Tax Savings | Tagged , , , | Comments Off on Compare and Understand Wills vs Trusts