Posts Tagged 'living trusts'

Check out the video that goes over how to avoid probate. Not as easy as you – or your lawyer – thought!

For centuries the “last will and testament” was the standard for estate planning. Since the living revocable trust was introduced, the trust has become pretty much a standard in estate planning. Estates and trusts go together now like estates and wills used to go together.

However, it doesn’t matter how fancy you get with estates and trusts, the will is still a standard part of estate planning. Even if you get a living trust, you ...

There are definitely two camps in the lawyers’ world, and they are split over the living trust vs will controversy. My mentor in law school and I have argued for 30 years over whether a will is sufficient for a client or if they routinely need a living trust. Our argument is pretty much the classic living trust vs will battle that has raged since the early 1970’s. Actually, both sides of the wills trusts argument has some truth to it.
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Living Trusts?

Living trusts, what are they?  There is a plethora of information on the internet about estates and trusts. I’m going to answer questions the other sites don’t answer. You’ll get the nitty gritty inside story on living trust information that others often hide.

Living Trusts VS Irrevocable Trusts

There are dozens of different types of trusts, but they all fall into two categories living trusts which are revocable trusts and irrevocable trusts. Obviously, with revocable trusts you can change your ...