Estate Planning, Revocable Trusts

Pros and Cons of a Revocable Trust

Pros and Cons of a Revocable Trust The revocable trust can be an effective estate planning tool. However, the decision to use one is never clear-cut. You must carefully weigh the pros and cons. A revocable trust is a trust created during the grantor’s lifetime by a transfer of ownership of assets to a trustee,… Continue reading Pros and Cons of a Revocable Trust

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Estate Planning, Families with Minor Children, Guardians

Do I really need estate planning?

This is a confusing question for some people. The truth is that estate planning truly benefits rich, married people. There are a lot of tactics that can be used to make sure each spouse avoids estate tax, defers it as long as possible, or benefits from the marital deduction and generation-skipping trusts, to name a… Continue reading Do I really need estate planning?