What is an asset protection trust? Functionally an asset protection trust is similar to any other type of trust. Like other trusts, an asset protection trust requires the following elements: a grantor (the person establishing the trust); the trustee (the person responsible for managing the trust);...
What is inheritance law?Inheritance law involves the rules governing how property will be passed along from a decedent (a person who has died) to survivors (persons selected by the decedent to receive their property upon death). Inheritance laws not only state what is required for...
The role of a Living Trust Attorney What is a living trust? A living trust, is a legal instrument that places your assets into a trust during your lifetime. Under this arrangement, you would serve as both persons establishing the trust (trust maker) and the trustee (supervisor...
Before we answer that question, we first want to ask another question: Do you need a Will? Most people would say that yes, they need a Will. Well, a Living Trust is simply a Will that is more comprehensive and flexible. The average cost of...
Yes, I recommend that everyone have a Living Will. I shake my head every time I hear the story of Terri Schiavo, the young lady who mysteriously collapsed one day in 1990 and soon fell into a permanent "locked in state." Her ex-husband wants to...
