Her estate included real estate, stocks, and personal items. 8 Trust A legal arrangement for managing assets for beneficiaries. She set up a trust for her grandchildren's education. 8 Estate Managed based on a will or state law in absence of a will. The executor distributed the estate as ...
WILLS AND TRUSTS ESTATE PLANNING WILLS AND TRUSTS Ensure that your personal assets and wishes are best protected in case of significant disability or death. Click below to learn more about why every individual should consider a will or trust. ...
Michael Bailey is a mobile estate planning attorney in Denver & Broomfield, Colorado with 15 offices all over the front range. He is Colorado's best Will & Trust lawyer that will come to you!
but maybe not. The State has to presume that you didn’t trust anyone to handle your affairs without being supervised, because if you had trusted someone, you would have told us and so the Courts will supervise every move that your Executor makes. The Executor can’t sell the house withou...
What is the Difference Between a Will and a Trust? A trust is similar to a will in that they are both written documents which gives a third-party instruction on disposition of real and personal property. The largest difference between a will and trust is that a will is effective only upon...
Pour-Over Will Power of Appointment Power of Attorney Q-Tip Trust Qualified Disclaimer Qualified Personal Residence Trust (QPRT) Rates Remainder/Reversion Residue Reviewing an Estate Plan RPM Trust Sale to an Irrevocable Grantor Trust Section 529 Qualified Tuition Programs and Other Education Cost Planni...
Once the child turns 18, the funds will be handed over to the child, even if the child is not mature enough to make good decisions on how to manage or use the inheritance. With a proper estate plan in place, you can place the money in a trust and name a trustee to manage the ...
Mr. Eric Ridley did my estate planning, will, trust, DPOA, Advanced Healthcare Directive and end of life planning paperwork. This has(…) Yee Y. Port Hueneme, CA Kind, Knowledgeable, & Professional Eric helped me out immensely with a legal problem and was very kind, extremely professional...
An irrevocable trust generally cannot be changed once it is set up. It can be created either while you are still alive or later, through your will. Irrevocable trusts can offer transfer tax, creditor protection and management advantages but also can have significant drawbacks. Since these trusts...
1. Wills and Trusts A will or a trust may sound complicated or expensive—something only rich people have. That is an incorrect assessment. A will or trust should be one of the main components of every estate plan, even if you don't have substantial assets.Wills ensure property is distrib...