Arevocable living trustis the main type of trust in estate planning. You can change or revoke the terms of this kind of trust at any time while you’re alive. The trust instructs the trustee as to how to distribute your assets to beneficiaries while you’re alive, after your death, or...
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Learn about the benefits of a will, estate planning, and how to settle an estate so that you could transfer your assets after death.
successor trustee individual named in the terms of a trust to assume the role of trustee should the originally appointed trustee be unable or unwilling to assume or continue in the role; for living trusts, the individual named in the trust to succeed as trustee upon the owner's death T ta...
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This guide outlines the ins and outs of estate planning, why you need one, what's included in a comprehensive plan, and how to get started.
The following estate plan checklist will help you evaluate which steps in the process will be of value to you. Even if you decide to turn the matter over to anestate planning attorney, you should still have a basic understanding of what is involved. ...
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Naming an executor of the estate to oversee the terms of the will Updating beneficiaries on plans such as life insurance, IRAs, and 401(k)s Planning funeral arrangements Establishing annual gifting to qualified charitable and non-profit organizations to reduce the taxable estate ...