Maintaining Your Living Trust
When properly prepared, a living trust avoids costly court processes. However, many people make a major mistake when they do not properly maintain their trust.
When properly prepared, a living trust avoids costly court processes. However, many people make a major mistake when they do not properly maintain their trust.
Getting your affairs in order creates a sense of peace. This can be especially true given the current uncertainties related to the Coronavirus. Here a three planning tools that bring greater peace of mind.
A will or living trust may also create a separate trust when one spouse dies, in order to shield up a significant portion of the estate from later estate taxes. Such trusts are designed to save money by avoiding probate fees and delays, and by deferring or reducing estate taxes.