A revocable living trust is a legal instrument that you create to hold title to your assets during your lifetime and to manage and dispose of them after your death. Who Is Involved in a Trust Agreement? (1) the grantor or settlor who transfers assets into the trust, (2) the trustee who holds title to those assets, and (3)
Category Archives: Estate Planning
Did you know that if you do not have a will in place, the judge chooses who raises your children? Often it is family, but not all of the time. Do you have a will in place that specifically outlines this? Here's Madeleine Brand of NPR talking about picking a guardian for your children.
I have met with families that have done a great job preparing their estate. They have all of the documents completed including a family trust. They think they are done. But a trust is WORTHLESS unless you fund the trust. What does this mean? You have to transfer the ownership of the assets into the trust's