What is an Estate Plan
OK, an estate plan is a good idea, but what is it exactly? An estate plan speaks for you when you are no longer able. It helps your loved ones navigate through the legal and medical mazes surrounding severe illness and death. And it creates clear and simple directives that let others [...]
Avoiding Probate with a Trust
If you haven’t heard yet - probate is difficult and expensive. Probate can take a year or more to settle with probate fees sometimes charged as a percentage of the assets. The standard estate plan seeks to avoid probate by establishing a living trust. A trust is usually drawn up by a lawyer, and has [...]
May 19, 2008
• Tags: estate plan, grantor, living trust, successor trustee, trustee • Posted in: Estate Planning Basics, Trusts • No Comments