What Is an AB Trust?
Once a person dies and their last will and testament is examined to begin the process of distributing assets among the beneficiaries, the estate may be subject to hefty taxes…
Living Will vs. Will
Estate planning is one of the most important parts of planning for your future, especially as you begin to age. It can also be extremely complicated, especially when it comes…
How Long Does the Probate Process Take?
One aspect of the distribution of assets after a person becomes deceased that can be very confusing and timely is the probate process. While probate is often seen as a…
Gifting To Reduce Estate Taxes
Estate planning is a very important aspect of everyone’s financial life, especially as they begin to age and plan for their future and the future of their family members and…
How To Set Up a Trust Fund
A trust fund is one of the many tools of estate planning, the main purpose of which is to help you transfer funds, assets or property to family members, loved…
What Is a Will?
What Does a Will Do? A will is a legal document that spells out your wishes after your death, preventing that those wishes may not be carried out. You can…
What Is Probate?
A probate is a proceeding where a probate court will be placed in charge of supervising how the deceased's property will be distributed. There are two scenarios to keep in…
Can You Use an LLC for Estate Planning?
What Is an LLC? A Limited Liability Company, commonly known as an LLC, is a type of business structure recognized in all 50 states that protects its owners (called “members”)…
What Is a Trust Fund?
A trust fund is an independent legal entity and commonly used as an estate planning tool to control the distribution of someone's assets after they die or become incapacitated. A…
What Happens if You Die Without a Will?
What Is a Will? A will is a legal document that spells out your wishes after your death, preventing that those wishes may not be carried out. You can take…