1 min read
Updating a Will after Divorce
Divorce is not something people expect to occur in their lifetime, but unfortunately divorce happens to many married couples. The divorce process can...
What is a Revocable Living Trust? There are various different types and forms of a trust. The most widely utilized is a revocable living trust, which is a trust created during your lifetime that can be terminated or changed during your lifetime as long as you are mentally capable. When you die, the trust becomes irrevocable, and the trust is then administered according to the instructions in the trust document. The trust designates a trustee who is responsible for the administration and management of the trust assets. Assets held in trust are not subject to the probate process because, at your death, the trust is considered a separate legal entity. Because the trust is not probated, the beneficiaries of the trust have immediate access to the trust assets, and therefore, the distribution of the assets is generally quicker.
1 min read
Divorce is not something people expect to occur in their lifetime, but unfortunately divorce happens to many married couples. The divorce process can...
Generation Skipping Tax The Generation Skipping Tax (GST) is a tax that is levied against gratuitous transfers of property during life or at death...
With a durable health care power of attorney, you can name anyone to make your health care decisions when you are unable to. Blood relatives have no...