Funding a Trust

Most people believe that after signing their estate plan, that they have done what the needed to do. Of course, they are already ahead of most people. However, the most important part of your estate planning, if you have a Trust estate plan…is to fund that...

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...

Do I really need a Trust?

Although many people equate “estate planning” with having a will, there are many advantages to having a trust rather than a will as the centerpiece of your estate plan. While there are other estate planning tools (such as joint tenancy, transfer on death, beneficiary...

Do you need a Will or Trust?

You may be wondering whether to use a will or trust in passing along your assets. There’s a common belief that using a trust can give you a break on estate taxes, but it’s not necessarily the case. What are the significant differences between these two...

Avoid These Will Mistakes

In this critical COVID-19 time, you may be looking to create or update an estate plan such as a will.  Garofalo Law Group wants you to avoid the common will mistakes detailed below.  It may sound simplistic, but making sure you’ve let your heirs know...