Tag Archives: revocable trust
Deciding Between a Revocable or Irrevocable Trust
In estate planning, a trust is a legal entity that you create to hold assets for and distribute them to designated beneficiaries. One of the chief advantages of a trust is that the assets it controls are exempt from probate, the court process for administering a decedent’s estate. This allows your beneficiaries to gain access […]
Using Living Trusts to Avoid or Minimize Probate
Anyone who owns a real estate, has substantial bank accounts and investments or possesses other valuable property needs to consider the possibility that these assets will go into probate — the legal process that decides how a decedent’s estate will be distributed at death. Probate can be expensive, time-consuming and prone to complications. Fortunately, there […]