Sometimes, you can use a joint tenancy to bypass the need for real estate property to go through the probate process after you've passed away. You might buy a piece of property together with another person -- like your spouse -- and set up the ownership as joint...
Month: January 2019
How would a living trust benefit your estate plan?
Living trusts are identified by the word "living" because you create them while you're alive, and you have the ability to change them while you're alive. After your death, the trust will be set in stone and no one will be allowed to change it. This flexibility while...
What’s special about a Totten trust?
There are so many varieties of trusts that it's difficult to keep track of them all. These trusts can also drafted in a number of ways, which makes it tricky to know exactly what to do for an inexperienced trust planning attorney, and especially for a layperson who...
What’s a testamentary trust and how does it help minor children?
Imagine that you want to use a trust as a part of your estate plan in order to protect the inheritances of your minor children. To put it bluntly, you don't want the inheritances of your children to be vulnerable to another family member -- like the guardian of the...
