Should I Put My Assets in a Trust? Top 3 Benefits of Living Trusts
Do I need a revocable living trust? Choosing whether to fund a trust with your assets is an important decision in the estate planning process.
Category: Estate Planning
What to Do When a Parent Dies and You’re the Executor
Losing a parent is emotional. It can also be overwhelming for adult children when they’re the executor of the estate. Settling an estate is a
What to do After the Death of a Spouse
Losing a spouse can be an overwhelming and emotional experience. While it’s possible to organize financial documents ahead of time, there’s no way to truly
Inheriting a Trust Fund: Distributions to Beneficiaries
If you’re inheriting a trust fund, you likely have questions about how the distribution payouts to beneficiaries work and the tax implications. While general information
What is a Step-up in Basis? Calculating Cost Basis of Inherited Stock or Other Assets
Updated for 2024. A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. A step-up in
Should Married Couples Use Joint or Separate Trusts?
Revocable or living trusts play an important role in many estate plans. Married couples utilizing trusts in their estate plan need to consider if it’s
That’s Terrible…But It Would Never Happen To Me: Real Life Estate Planning Nightmares
Estate planning is the process of preparing wills and other legal documents to distribute your assets and make arrangements for your wishes to be carried out in
3 Things You Should Know About Your Parents’ Estate Plan
Estate planning discussions are seldom had between loved ones. And understandably so; asking your spouse or parents to discuss their mortality isn’t exactly a conversation
8 Common Misconceptions About Trusts
Although many Americans are familiar with the broad concept of a trust, there are numerous misconceptions about what they are, who they’re for, and the
Should I Put My House in a Living Trust?
Why put your house in a trust? There is one main reason: to avoid the probate process. There can sometimes be confusion that a living