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Estate planning entails a few different things, including detailing how you'd want your assets and affairs handled after you're no longer around. A living trust has many benefits but isn't ideal ...
A living trust can be more complex than options like a standard will, but it also has notable benefits that make it a great option. If you're in or approaching the estate-planning process, here ...
Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or charity , and may include minimizing gift, estate, and generation-skipping transfer taxes .
Revocable living trusts were often touted and marketed as valuable solely because of their ability to "avoid probate" and the costs and complications that surrounded it. Although probate avoidance is certainly a consideration in the use of a "living trust", there are many other estate planning techniques which also "avoid" probate.
Remember: If you are considering a living trust, consult an estate planning attorney to see if it makes sense for your situation. It's not the ideal route for everyone. The $ 22,924 Social ...
Society of Trust and Estate Practitioners logo. STEP (the Society of Trust and Estate Practitioners) was founded by George Tasker in 1991 [1] and is the international professional body for advisers who specialise in inheritance and succession planning. [2]