When most people think about estate planning, a will is the first thing that comes to mind, and with good reason. Wills are straightforward, affordable to set up, and revocable. There are many perfectly legitimate reasons to organize one’s estate using a will, but...
One reason to execute a trust, even if you are not wealthy
When you think of who needs a trust, you may think they really are only necessary for the wealthy, who want to grow their assets or who have a great deal to leave behind to their loved ones. You may think it is too expensive to establish a trust and you may even worry...
When to write and revise a will
According to Forbes Magazine, approximately half of all Americans between the ages of 55 and 64 do not have a will. The percentage increases for younger demographics. There are many reasons why you might not have a will. Maybe you think it is a morbid subject to think...
The pros and cons of an irrevocable trust
A trust is a legal place where you put assets. You, the person who owns the assets and puts them into the trust is called a grantor or trustor. Then, you appoint a trustee who will look after the assets and distribute them as necessary. Finally, you choose one or more...
