While both types of trusts have similar benefits like avoiding probate and reducing tax burdens, these trusts have nuances that must be seriously considered, as these can impact investors’ financial ...

Revocable trusts are often the centerpiece of a client’s estate plan for the many benefits that they provide. Revocable trusts are private ...

How does it work? What is the purpose of a revocable living trust? The primary role of this type of trust is to provide a comprehensive framework for managing and distributing assets, both during the ...

Trusts can be a great tool to simplify the process of moving assets between generations, helping avoid some of the costs and delays associated with the process. Revocable trusts are a useful solution ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. If you’re thinking about creating a Living Trust in ...

When crafting an individual estate plan, you should consider whether a Revocable Trust is right for you. Below is an analysis of an artificial fact pattern and the estate plan I would recommend based ...

When one creates an estate plan, a “simple” Last Will and Testament (LWT) is frequently the document that first comes to mind ...

One of the biggest mistakes people make with estate planning is to assume that estate planning means getting a document. Whether it is a will, a revocable trust, living trust, or any other document, a ...

“My mother has now hired an attorney to revise the trust and remove her late husband’s children as beneficiaries.” ...

Trusts protect the farm for the next generation. With four different types of trusts, selecting the right one is integral.

“Naming successor trustees is not optional,” she says. “It’s essential for keeping your trust functional and avoiding family disputes.” For anyone creating or updating a revocable trust in Illinois, ...