Blog

Published on October 7, 2022

How do I move personal property into my Trust?

Personal Property and assets that do not have a formal title of ownership transfer to one’s Trust by signing an “Assignment of Personal Property” or a “Bill of Sale.” It is important to remember that a Revocable Living Trust (or any other Trust) can only manage, hold, or distribute assets over which it has ownership. […]

Published on September 28, 2022

Why should I move my house into a Trust?

If you have a Revocable Living Trust, transferring real estate you own into the Trust can have many advantages. When clients have a Revocable Living Trust (RLT), their home is one of the most critical assets to transfer. Here are some reasons you should consider moving your home or other property into a Trust: 1. […]

Published on September 19, 2022

The Most Common Reasons for Creating a Trust

Why would you want to consider forming a Trust? There are many excellent reasons to utilize a Revocable Living Trust as part of your estate plan. Here are the most common. A Trust is a highly effective estate planning tool. Wills, unfortunately, have more significant limitations. Nevertheless, the following are the most common reasons people […]

Published on August 23, 2022

What is the best way to transfer real estate to a Trust?

The best method to move real estate into your Trust depends on various factors. Ultimately, you should consult an attorney. However, here are some general considerations. The best method for transferring real estate to a Trust is highly situational. Here are some examples: LLC-owned real estate: If you have a single member LLC (or you […]

Published on August 3, 2022

Should I select the same individual as my power of attorney and successor trustee?

Some of the responsibilities of your attorney-in-fact and successor trustee appear to overlap. Therefore, there can be benefits to appointing the same individual as both your attorney-in-fact and successor trustee. Your attorney-in-fact and successor trustee are both critical roles in your estate plan. Your attorney-in-fact has a wide range of financial and legal powers, as […]

Published on July 12, 2022

What happens to my Trust if I am incapacitated?

A well-drafted Trust contains many safeguards and instructions for what should happen if the Trust’s creator becomes incapacitated. Regardless of age, health, or mental capacity, the creator of a Trust remains the primary beneficiary while alive. (Or co-beneficiary, in the case of married couples). If you are not physically or mentally well, your successor trustee […]

Published on June 21, 2022

Can a Revocable Trust be amended?

A revocable trust can be amended anytime during your life. Learn more about situations that necessitate seeing your attorney to make such changes. Can a Revocable Trust be amended? Yes. A Revocable Living Trust (RLT) can be amended. One aspect of RLTs that clients find particularly appealing is the ability to change them with relative […]

Published on June 1, 2022

What jobs do I pick when I create my estate plan?

A typical Trust-based estate plan includes a Will, Trust, General POA, and Health Care POA. In the process of creating these documents an attorney will help you select a personal representative, guardian (if you have young children), successor trustee, general attorney-in-fact, and health care attorney-in-fact. In estate planning, there are several roles or “jobs” in […]

Published on May 18, 2022

What are the differences between a Will-based estate plan and a Trust-based estate plan?

Learn more about your options for selecting the right estate plan for you and your loved ones. Certain documents are almost universally recommended when an individual or couple has an estate plan prepared. These documents include: 1. “Standalone” Will OR a Trust & “Pour-over” Will 2. General Power of Attorney (selects an agent for financial/legal […]