We receive lots of questions about Revocable Living Trusts. Most people have heard about them but them actually understand little about them. A Revocable Living Trust is a legal document that includes instructions regarding what should be done with your assets when you die. Now, you may be thinking — isn’t that what a Will does? Yes, that’s exactly what a Will does, however, the key different between a Will and a Trust is that a Trust prevents the assets in the Trust from being […]
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Transferring Property Upon Your Death
There are essentially five ways an individual can transfer property to their loved ones upon their death. Depending on the age of the persons who will be receiving property or the dynamics among family members who are receiving the property, it is important to choose your method of transfer very carefully. Leave Property Titled Solely in Your Name (i.e. do nothing to plan for property after your death) – If you do absolutely nothing to pre-plan for the transfer of your assets and your property is […]