What is a Life Insurance Trust?

irrevocable trusts A life insurance trust is a form of irrevocable trust that invests the proceeds of a life insurance policy into a trust with designated beneficiaries. Most life insurance policies are owned by the insured. The money is paid when the insured dies,...

What do Trustees do?

Are you a Trustee? Have you been notified that you are a Trustee? If so, you are undoubtedly wondering what your duties and responsibilities will be during the lifetime of the Trust. So, what do Trustees do? This article will define the basics. The Trustor (the person...

Which Costs More: Probate or Trust Administration?

There is no question that a Living Trust allows you to avoid probate – if, of course, the Trust is properly drafted and funded. But does this mean a Living Trust is more cost-effective than a Will? Many of our clients just want to know…which one costs more:...

What Is Probate—And How to Avoid It

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The Common Myths of the Living Trust

What are the common myths of a living trust? Many people misconstrue common knowledge with actual myths. Keep reading below to learn the five common myths I encounter in my estate planning consultations with new clients. But first, what are the benefits of a living...