Helping You Protect Your Assets, Family and Personal Finances
Posted in Estate Planning, Probate on Apr 12th, 2010
Myth: A Revocable Living Trust always avoids probate.
Fact: If you have a Revocable Living Trust and it is not properly funded, all assets titled in your name at the time of your death and not titled in the name of the trust will need to go through probate. To properly fund the trust and avoid [...]
Posted in Estate Planning on Apr 5th, 2010
Myth: A Revocable Trust Can Protect Your Assets From Lawsuits
Fact: There are a couple of reasons why a Revocable Living Trust will not protect your assets from lawsuits: (1) You have the ability to change the terms of the trust when ever you want and you have the ability to add assets to the trust and [...]
Posted in Estate Planning on Mar 1st, 2010
Many people believe (or are told) that a Revocable Living Trust can reduce estate taxes.
This is a very common estate planning myth. A Revocable Living Trust does not reduce your estate taxes. The main purpose of a Revocable Living Trust is to avoid probate, plan for disability/ incapacity and to protect your privacy.
A married couple can [...]