Difference Between a Trust and A will

Difference Between a Trust and A will

You can’t talk about estate planning without mentioning either a will or a trust, or both. If you are to create a good estate plan, you must leverage these two legal documents. Because a trust and a will perform similar roles, some people often believe them to be synonymous. They believe that a will can […]

A Revocable And Irrevocable Trust

A Revocable And Irrevocable Trust

A trust is an underrated estate planning component. An experienced estate planning attorney will always advice you to create a trust. A trust boast of several benefits. It makes the transfer of assets easier, it helps prevent the difficult probate process, and it helps lessen tax burdens.  Before we dive deeper, let us take a […]

Trust for Minor Children

Trust for Minor Children

A trust is a very significant estate planning element. This legal document, which is almost similar to a will, is used to transfer ownership of properties to designated individuals regarded as beneficiaries. The main owner of the trust is often regarded as a grantor. It is the duty of the grantor to name a trustee. […]