When it comes to estate planning, trust administration is a critical component. Included in that is the trustee’s role in administering the trust. The trustee is the person who has been chosen to be responsible for complete management of the trust property and other important duties. With Huntersville trust administration, here are several really important facts that a trustee must know to properly fulfill his or her duties. Recognize that Huntersville trust administration can be … [Read more...] about The Ins and Outs of Huntersville Trust Administration
You can have several different goals for your estate plan but that can sometimes get a little bit tricky. Complexities can arise when you have children from a previous marriage and you get married again. On the one hand, you want to make sure that your new spouse is provided for after your death. On the other hand, you probably want to take care of your children as well. Our Ashland trust attorney wants to tell you about a QTIP trust and how it can improve your estate plan. What Type of Trust … [Read more...] about Our Ashland Trust Attorney Explains How a QTIP Trust Works
Our Florence living trust lawyer believes that a living trust can be an effective tool for constructing your estate plan. This is because living trusts are very versatile and are usually a great fit for most people and their goals. You don’t have to be super rich to benefit from a living trust, either. Regardless, if you do not properly fund your trust, there could be serious consequences. Let our Florence living trust lawyer explain what happens if you leave assets out of your … [Read more...] about What Happens If I Leave Assets Out of My Living Trust?
While considering estate planning strategies, you may be wondering, “what does a living trust do for you?” It really depends on what your estate planning goals are. Revocable living trusts are a great option for many people but they may not satisfy the needs of every client. Your living trust attorneys can help you determine how you can get the most out of your trust during your lifetime. What are Some of the Benefits of a Living Trust? Since a revocable living trust can be amended or revoked, … [Read more...] about What Does a Living Trust Do For You?
Charlotte trust administration is often an important component of estate planning. The importance of the trustee’s role cannot be overlooked. The trustee is the individual who has been selected for the responsibility of managing the trust property and performing the terms of the trust agreement. In order to properly fulfill the duties of a trustee, you need to know a few important aspects of Charlotte trust administration. Charlotte Trust Administration Can Be a Complicated Process A common … [Read more...] about Do You Know the Basics of Charlotte Trust Administration?
The revocable living trust is a very useful estate planning tool. Contrary to popular belief, you do not have to be wealthy to benefit from a living trust. You continue to control the assets that you convey into a revocable living trust because you can act as the trustee and the beneficiary while you are alive and well. It is possible to change the terms of the trust, and you can even dissolve the trust entirely if you choose to do so. When it comes time to create a trust, understanding these … [Read more...] about 4 Things You Should Know to Create a Trust
Have you been wondering what the term “inter vivos trust” means and why it should matter to you? Here's what you need to know. This type of trust is actually one you’ve probably read about in your research, but it is more commonly known by its other name – the living trust. Our living trust attorney will explain everything you need to know about a Huntersville revocable living trust. What is a revocable Living Trust A Huntersville revocable living trust is a powerful legal agreement that can … [Read more...] about Why Do I Need a Huntersville Revocable Living Trust?
When it comes to estate planning, trust administration is a critical component. The trustee is the person who is responsible for complete management of the trust property and other important duties. A trustee must know several really important facts to properly fulfill his or her duties. Here is a trust administration checklist to help you through the process. Trust administration can be very complicated Many people do not realize that trust administration is not as simple as just distributing … [Read more...] about Do You Need a Trust Administration Checklist?
When most people think of estate planning, their first thought is the last will and testament. However, the last will and testament is not the only option for estate planning, and it may not be the best option either. When you use a will, your heirs receive lump-sum inheritances once the will is probated. But not all of your heirs will necessarily be good at managing money or a large amount of assets. This is particularly true if they are minors at the time of your death. Let our Charlotte … [Read more...] about Will or Living Trust? Charlotte Living Trust Attorney Compares the Two
Asset protection is important to some individuals for one reason or another. There are certain lines of work that leave people open to legal actions, and shielding resources from the disgruntled former spouse of a family member can be another concern. Some people hear about Huntersville revocable trusts and make some sweeping assumptions. While these trusts are valuable on a number of levels it is important to understand that if you can revoke a trust, it does not provide asset protection during … [Read more...] about Huntersville Revocable Trusts and Asset Protection