Sometimes people hear estate planning terms, and because they do not know much about the subject, they make assumptions that seem logical. However, in reality, they trip over themselves to some extent because they have not done enough research.If someone was to ask you if you would like to use a revocable trust or an irrevocable trust, you may automatically prefer a revocable trust, because it sounds "safer." The idea would be that you get all the benefits that you would get with any trust, … [Read more...] about Is a Revocable Trust Safer Than an Irrevocable Trust?
Revocable living trusts are very popular, and you could potentially benefit from the creation of a revocable living trust even if you are not extraordinarily wealthy. As the name would indicate, you can revoke this type of trust, so you could change your mind, dissolve the trust, and walk away with the assets back in your pocket.Topics covered in this report include: Revocable Living Trusts Medicaid TrustsClick here to read the whole article or download the PDF. … [Read more...] about Free Report: What Is the Difference Between a New York Revocable Living Trust and a Medicaid Trust?
Why Would I Want a Revocable Living Trust from Mark EghrariThe trustee will distribute assets to the successor beneficiaries according to your wishes These distributions will take place in a timely and efficient manner, outside of the probate process With a revocable living trust you can account for the possibility of incapacity. Learn more about i want a revocable living trust in this presentation. … [Read more...] about Why Would I Want a Revocable Living Trust
The anatomy of a trust will include a trustee who administers the trust, and a beneficiary or beneficiaries who will receive monetary distributions out of the trust after you die. You may be reluctant to create a trust because you are concerned about losing control of the assets while you are living. In fact, you cannot lose control of the resources when you fund a revocable living trust.Topics covered in this report include: The Drawbacks of Probate Revocable Living Trusts … [Read more...] about Free Report: Why Would I Want a Revocable Living Trusts in New York