Living Trusts

Picture of eNewsletter Alert(via) eNewsletter August 26, 2009

In recent years, living trusts have grown increasingly popular as substitutes for wills in estate planning. Here’s what you should know about estate planning with a living trusts:

Most people understand the importance of a will, but many are not familiar with trusts. Both a will and a trust can be used to transfer your property when you die, but the similarity ends there. A will has no effect until you die, while a living trust becomes operative during your lifetime to manage your assets. While a will is a part of the public record a trust is not, thus providing greater privacy. Trusts are usually easier to amend than wills and less likely to be contested by your heirs. Continue reading»

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