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I often hear people say they don’t need an estate plan because all of their assets are held jointly with their spouse or with one or more of their children.Although this seems to be a convenient way to own assets, re-titling accounts or making a child or spouse a joint owner might be the worst...
A few weeks ago in our blog, we discussed how to fund a living trust. To recap briefly, a living trust is basically a container with very specific instructions for how to handle the assets inside. If nothing is ever put inside the container, then the trust becomes useless. Many different types of assets...Read more
Revocable living trusts are a popular estate planning tool these days, but unless they are funded with assets, they are essentially useless. Think of a revocable trust as a container, and on top of that container, there are instructions on how to manage and distribute every asset inside. If the container is properly prepared, the instructions...Read more