As I mentioned before, creating a living trust is a good first step, however making sure it’s properly funded is important. Here are a few more things to do and make sure you have in place.
It’s a new year and the perfect time to make sure your living trust is properly funded. Creating your living trust was the first step, but funding your trust is just as important to keep your family out of probate court.
Preparing for the worst case scenario is rarely on anyone’s to-do list. However, as a parent, a comprehensive estate plan can help you properly prepare for your child’s well being.
Probate is the legal process for reviewing the assets of a deceased person and determining inheritors. A probate proceeding is not always required upon death but is usually essential when a deceased person's remaining estate is of high value.
