A properly funded trust allows you to avoid probate, minimize taxes, provides organization, maintains control, and provides for yourself and your heirs. In its most simple terms, a trust is a book of instructions wherein you tell your trusted people what to do, when. While there are many types of trusts, the major distinction between trusts is whether they are …
Wills vs. Trusts: A Quick & Simple Reference Guide
Confused about the differences between a will and a trust? If so, you are not alone. While it is always wise to contact experts like us, it is also important to understand the basics. Here is a quick and simple reference guide: What a Revocable Living Trust Can Do – That a Will Cannot Avoid conservatorship and guardianship. A revocable …
More Thoughts For Your 2010 Estate Planning Checklist
I don’t know what it is about the first of the year, but it is always hectic. This has certainly been a busy first week of 2010. I have been catching up on my reading and came across a great article in last month’s newsletter from Barrett Easterday Cunningham & Eselgroth LLP, an agriculture law firm located in Dublin, Ohio. Russell Cunningham is …