Posts Tagged trusts

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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Life Insurance in Estate Planning

Life Insurance in Estate Planning

We are all aware of one of the most basic purposes for obtaining life insurance–to provide families, relatives, and/or close friends with financial support in the event that a person passes away. However, life insurance also serves other important purposes and can be used in a variety […]

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