When you want to leave a valuable asset behind for your beneficiaries, real estate makes an excellent gift. However, if you do not plan carefully, the property may have to go through probate court. Once it is in probate court, the court decides how to divide your estate and property. This means it may have…
The 7 Most Common Estate-Planning Myths
Myths and misunderstandings dominate the public consciousness when it comes to estate planning. Some are the result of incomplete media reports, while others arise from half-truths and exaggerations put forth by “advisors” interested in generating a quick fee or commission. Further, labels such as “death tax” and other politically charged mischaracterizations are given life by…
Tips for Creating a Successful Revocable Living Trust and What to Avoid
May 3, 2022
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A revocable living trust helps you pass your assets on to your designated beneficiaries. What makes it attractive is that it can be changed at any time and beneficiaries or assets can be added or subtracted while you are alive. Before setting one up, there are some things you need to know. Reasons to Make…
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