When you find out about some of the drawbacks that come with using a last will as the centerpiece of your estate plan, you may be interested in an alternative. For many, the legal device called a revocable living trust will be a better choice. Contrary to popular belief, you don’t have to be extremely wealthy to benefit from this type of trust. There are other trusts that can be utilized, and we will look at them in future blog posts. In this piece, we will examine the trust administration … [Read more...] about Trust Administration and the Role of the Trustee
Three Ways To Create a Trust
A trust is a powerful estate planning tool, and there is more than one way to create a trust, including… Totten Trusts When you wish to create a simplistic trust with a relatively small amount of cash, some people choose to create a Totten Trust, which is also referred to as a Payable on Death, or POD, account. A Totten Trust is a relatively simple arrangement since there is no detailed trust agreement, but rather a simple form provided by many financial institutions that allows you to name a … [Read more...] about Three Ways To Create a Trust
