To avoid probate, estate taxes and disputes, a trust can be added to an estate plan. A trust allows a grantor to entrust assets to a trustee who is responsible for managing the assets until they are distributed to beneficiaries. There are many different kinds of...
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Month: February 2024
Why investors are converting office space to residential units
Real estate markets constantly fluctuate, and investors need to be ready to pivot if they hope to maximize the profit-generating potential of their capital. When someone buys property, when they sell it and how they utilize it while owning it can all affect the return...
Is there a downside to making a trust very specific?
If you are writing a trust as part of your estate plan, you may be thinking about making it very specific, so that it accomplishes a certain goal. For instance, say that you went to college when you were younger and you feel that it was a transformative experience....
Is it time to update your estate plan?
If you have an estate plan in place, then you are further along than most people. Over half of all Americans have yet to address this issue. If you have a plan, remember that estate planning is a constant process, and your plan should reflect your current wishes....