Posts Tagged living trust

What is Probate?

What is Probate?

Probate is the legal process to transfer assets when someone passes away. Through probate, clear title and ownership are established as to the assets of the deceased person. Generally, probate is required if the person died with an executed will (testate), or if the person died without […]

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Estate Planning and Probate

Estate Planning and Probate

When a person deceases, whatever assets that person owns will either pass through probate or they will not. Probate is the legal way to transfer the assets of someone who has deceased, and involves the use of probate court proceedings. Probate occurs primarily in two scenarios; first, […]

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What is a Living Trust?

What is a Living Trust?

A trust is a legal relationship where assets are transferred to a trustee for the purpose of using those assets for the benefit of one or more beneficiaries. The creator of a trust is known as the settlor, grantor, or trustor. A Living Trust, also known as […]

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