If you have decided to establish a trust, it is easy to become overwhelmed. There are several types of trusts and each trust has advantages and disadvantages. How do you know which trust will work best for you? Here are three of the most common types of trusts that you can choose from. Bypass Trust […]
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Legal Tips and Resources Yes. Specifically, you need an estate planning lawyer. Only an experienced estate planning lawyer will assess your personal situation, be familiar with the applicable laws in your state, and recommend the best structure of estate planning for you. Basic internet searches and standardize templates from a website cannot do that for
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An asset protection trust is an excellent trust option for High net-worth individuals Business owners Medical professionals The elderly Although these trusts are irrevocable, they offer substantial benefits, include the following. Protection From Lawsuits and Creditors Anyone who owns a business or deals with the public is at risk of losing assets in a lawsuit.
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Legal Tips and Resources The older you get, you may start to think more and more about providing security for your loved ones. When you die, you don’t want your property to end up in the wrong hands. You certainly don’t wish for your family members to be left in a bad financial position. Establishing
When it comes to wills, you probably know that all wills go through probate. A lot of people have fear over probate. They may have heard several myths about probate, such as probate is too expensive, it takes too much time and you have little control over the executor. Here is the truth behind those
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Legal Tips & Resources After you die, it is possible that one of your heirs, or someone who thinks that he or she should be an heir, could challenge your will. However, challenging a will is usually very difficult. The court generally regards the will as your voice and takes it as the ultimate authority
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Legal Tips and Resources When planning your estate, you have two primary options: a will or a trust. Do not make the mistake of thinking that you need to pick one or the other, however. You can use a will for some of your estate and a trust for the rest. Each of these estate
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