Perhaps you are nearing retirement age. You are beginning to think about the future, and estate planning comes to mind. You worry about your family and how they would manage if something should happen to you. A friend of yours set up a revocable trust. Would that work...
Trusts
3 benefits of a revocable trust
Estate planning allows for a lot of customization in planning how to divide your assets to your beneficiaries. Depending on your particular circumstances, you can choose from two options: a will or a revocable trust. In a revocable trust, you sign an agreement...
3 ways a trust could protect your adult child’s inheritance
When you create your estate plan, you want to provide for your family no matter what occurs in the future. For some people, the best way to protect the inheritance of their adult children is a trust. How could a trust protect your child's inheritance from future...
How much should I put in a special needs trust?
If you have a special needs child, it is natural to worry about what the future of your child will be like. Establishing a special needs trust may help provide a good life for your child when you are no longer around to provide love and support. The question you might...
Revocable vs. Irrevocable Trusts: What’s the Difference?
There are lots of different tools at your disposal for protecting your assets, including revocable and irrevocable trusts. Both of these types of trusts are used to pass assets to beneficiaries outside of probate. However, they do so differently. In today’s blog post...
How can a trust keep assets safe from poor spending habits?
You love your children, but that doesn’t prevent you from seeing their flaws. And if you have a child who makes poor financial decisions, you worry about how he or she will survive when you’re not there to lend a helping hand. Can you protect your child from spending...
Maintaining ownership of your assets with a revocable trust
As you get older, you spend more time preparing your finances for retirement, for any care you may need in the future and to pass on to your family. As part of estate planning, many Americans choose to establish a revocable trust for some of their assets because they...
What is a self-settled trust?
Many people set up trusts so that they can divide their assets among their heirs. There are additional reasons for setting up trusts, however, such as caring for someone who cannot take care of themselves. In instances like these, setting up a trust can ensure that...
What can a revocable trust do for my estate plan?
At their most basic level, all trusts work by having a trustee manage property placed in the trust for the profit of the beneficiary or beneficiaries. However, there are several trusts available to individuals living in the Gainesville, Georgia, area. Before you can...
How coronoavirus affects state planning for special needs kids
Have you been thinking about estate planning more often than usual lately? As the parent of a special needs child, you may be feeling higher levels of anxiety regarding your child’s future care in light of the coronavirus pandemic. Completing your estate planning may...
