Posts Tagged 'Trusts'

Q. Can I put my stocks into a family trust account to protect them from creditors or legal suits?  I have accumulated these stocks for retirement but would like to have some control over them.

A. Yes, you can set up and use a trust for almost any purpose, including holding only your stocks and bonds. However, if you are trying to get liability and asset protection you may be better off to hold your investments in a different entity.  Depending ...

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

Q.  Can an insurance company use your FICO score to raise your insurance premiums up on your personal residence if the trust owns the property? I plan to cancel the policy and have it re written in the trust name.

A.  Insurance companies have figured out that your FICO score (FICO is an acronym for the Fair Isaac Corporation, the creators of the FICO score.) is directly related to your risk as a driver or causality risk. So, your FICO score is ...

What You Need To Know In Setting Up a Trust

Setting up a trust is easy, if you know what to do. That’s the way it is with everything. If you know what to do, it’s not that hard. Lawyers go to school for an extra three years to learn how to speak and write so you can’t understand them. Once you know the language, drafting a trust is not really a mystery.

Setting up a trust requires a shift in thinking. ...