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March 2019 Archives

Reasons to create a revocable trust

If you are sitting down to create a will, or to update your current one, it's important to think about adding a revocable trust to your estate plan. A revocable trust is a legal document that you have total control over while alive and can revoke it at any time before you pass away. Today, we will explore the reasons why you should create a revocable trust.

The benefits of a revocable trust

Creating a revocable trust is one option you have to make sure your estate is passed to your beneficiaries upon your death. A revocable trust is created by signing a document and naming a person, corporation or both entities to be the administrator of the trust. The person who creates the trust is known as the grantor. The trust is to be administered in the best interest of the grantor, even while he or she is still alive. Here are some benefits of a revocable trust.

How an estate plan can prevent family disputes

The creation of an estate plan can help prevent family disputes long after you are gone. Families that don't have estate plans in place could wind up fighting over assets, money, property and other inheritance items upon your death. The fighting could become so intense that your children might stop speaking to each other. Here's how an estate plan can help avoid family disputes.