Category: Wills & Trusts

Putting a home into a trust has several benefits, from avoiding the lengthy probate process to providing potential tax advantages. This article discusses some of the intricacies of trusts and the importance of consulting with an experienced estate planning attorney. What Is a Trust and Why Is It Important? A trust is a legal arrangement where one person (the grantor) transfers ownership of their assets, like a house, to a trustee. The trustee holds and manages these assets on behalf of the named beneficiaries. One main benefit of putting property in a trust is to avoid probate, which can be…

Wills and trusts are typically changed over time as life circumstances, the state where you reside, or your desired outcomes change.

It’s “hard to know” whether Hollywood star Bruce Willis is aware that he is suffering with frontotemporal dementia (FTD), his wife, Emma Heming Willis, has said in an update on his condition.

Aretha Franklin did what she was supposed to in drawing up a last will and testament, but a crucial mistake left her multimillion-dollar estate in chaos.

Trust distributions might be taxable, with the tax liability potentially varying based on factors, such as the type of trust, the kind of distributions and a beneficiary’s tax bracket.

However, settling the second spouse’s affairs was more complex, even with advance planning. Everything from wills to banking to tax returns became more complicated.

Estate planning involves both trust funds and wills to help ensure the smooth transition of assets to your beneficiaries.

Pre-planning is the secret to saving costs on funeral expenses. Here are six ways to cut the costs on end-of-life services.