People sometimes make broad assumptions based on misconceptions, and this can enter into the realm of estate planning. The above is one of the reasons why it is not a good idea to buy into do-it-yourself estate planning notions. There are websites that offer downloads and worksheets with which you can create legal documents such as last wills and revocable living trusts. As the highly respected magazine Consumer Reports has stated recently documents created using these tools are flawed, and … [Read more...] about Do Living Trusts Protect Assets?
What does my revocable living trust say? If you’re like most people, you were surprised by the stack of documents at your estate planning signing meeting. Even though your trust is written in plain English (to the extent possible) and your estate planning attorney walked you through each article, you are still bound to have many questions. Herein, is a brief synopsis of typical trust provisions. The basics Every revocable living trust will have provisions creating and naming the trust … [Read more...] about What Does My Trust Say?