Do-it-yourself wills and trusts offer challenges, potential pitfalls.(Knight Ridder Newspapers)Meyer, Gene
If you have decided that you will prepare your own will or trust without the advice of an attorney, this page discusses some of the problems and guidelines that you should keep in mind. The purpose of this discussion is not to encourage the use of do-it-yourself wills and trusts, but t...
You can write a will yourself but having it prepared by a trusts and estates attorney tends to ensure it'll be worded precisely, correctly, and in keeping with your state's laws. Other Types of Inheritance Wills While a testamentary will is likely your best bet, several other types of...
A trustee is responsible for managing a trust, a legal arrangement that places specific assets under the trustee’s control and ownership. While they often play a crucial role in estate planning and distributing assets, trustees can also manage other matters, such as charitable trusts or bankruptcy...
Living trusts and wills are both options when planning your estate. Each helps you plan for the storing and managing of your tangible assets. However, the way assets are held and distributed differs between the two. A living trust keeps those assets in an account and can be directly dispersed...
DO-IT-YOURSELF WILLS.(VARIETY) This practical, nuts-and-bolts guide covers all the basics of do-it-yourself estate planning, and covers everything you need to know about living trusts, wills, probate, and estate taxes. Extra resources--a glossary of estate ... G Rosenblum 被引量: 0发表...
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against the trustee, and it will be void. Public, charitable trusts are different. A trust for a charitable purpose is valid, as long as it ticks the legal boxes for being charitable; it will be enforceable by the Attorney-General, (and of course regulated by the Commissioner for Charities...
It may make sense to set up atrustto control distributions from the estate to the surviving spouse and children in certain situations. If you or your spouse have children from previous relationships and you don't have aprenuptial agreement, trusts can ensure that specific assets are passed to ...
A living trust is often referred to as arevocable living trust, which means that you can change the trust at any time, revoke it, or make alterations to it. Why consider a living trust? Both living trusts and wills are estate-planning documents that allow you to distribute real estate pro...