Disadvantages of Revocable Living Trusts
· All that you’ve told me about living trust—centered estate planning sounds really attractive. Are there any disadvantages of a revocable living trust? There can be, but they are few…
DetailsEstate Planning Strategies for Unmarried Couples
· What special challenges do unmarried couples have in planning their estates? The unlimited marital deduction applies only to couples deemed married under state law, making it harder to eliminate…
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Strategies for a Single Parent
· I am a single parent with minor children. Is there special planning I should consider to take care of my children and myself? As a single parent, it is…
DetailsAdvantages Of Revocable Living Trusts
· What are the benefits of a revocable living trust? Control, cost, convenience, and confidentiality are the four primary reasons that many people turn to trust-centered estate planning. CONTROL A…
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Planning For A Family Trust
Planning for a Spouse · Am I required by the laws of my state to leave a portion of my assets to my spouse? The inheritance and succession statutes of…
DetailsEverything You Should Know About Community Property
· What states require community property? Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. · What is community property? While the community property laws vary in each…
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Trustee Ownership & The Revocable Living Trust
What is meant by “trustee ownership”? The form of property ownership most rapidly expanding in the estate planning field is that of trustee ownership. By establishing a revocable living trust,…
DetailsTenancy-In-Common Property
· What is tenancy in common? Tenancy-in-common is ownership of property between two or more people. Each of the owners owns a percentage of the property, called an undivided interest.…
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Traditional Methods Of Estate Planning
Ownership of Assets · What does “title” mean in relation to property ownership? Title is the legal concept of ownership. When you take “title” to any piece of property, you…
DetailsWhat is Living Probate
· What is meant by “living probate’? It is possible that, prior to your death, you may become mentally disabled due to disease, stroke, or accident. Legally referred to as…
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