When planning your estate, you should understand different trust options available, such as testamentary trusts and living ...

If you’re putting together an estate plan, you have no doubt heard about the benefits of a living trust. Assets placed in a trust won’t go through probate, a time-consuming and potentially costly ...

Creating an estate plan is crucial for everyone over the age of 18, yet few Americans are making it a priority. A recent survey by elder care site Caring.com found 64% of Americans believe having a ...

Trusts are described in multiple ways, including: living or testamentary, revocable or irrevocable and grantor or non-grantor. These terms are not always mutually exclusive. A trust can be living, ...

If you're thinking about estate planning, you've probably come across two common ways to pass along your assets: Trusts and wills. There are big differences between these two legal tools, especially ...

A living trust is also known as a revocable trust. A living trust typically involve the creator of the trust remaining actively involved in be maintained while active, which can add costs if you use ...

Probate can be a long, arduous, and costly process—especially in states that aren’t considered probate-friendly. Enter a workaround that is being used by an increasing number of people: revocable ...

Dear Liz: My goal is to avoid probate and allow simplified access for my heir, who is also my executor. I have no family. I have chosen payable-on-death and transfer-on-death accounts instead of ...

Dear Liz: Is naming a beneficiary for a nonretirement, “payable on death” account as effective as putting the account in a living trust? It seems easier than doing all the paperwork each time I open ...

A. Thank you for your question. While probate avoidance is often touted as a reason to have a living trust, generally speaking, many people who have living trusts also have what are called “pour over ...

Living trusts allow you to avoid the probate process, which can be expensive and lengthy. A will is easier to set up and maintain than a living trust. Living trusts may make more sense for public ...