It’s important to learn about what an estate planning trust is, because it can help you plan for your assets after both death and incapacity. But what exactly is a trust, and how does it work? Let’s try to simplify the concepts to help you understand the legal fundamentals of trusts and their role in estate planning.
Generally, whole life insurance is more of an investment, while term life insurance is fee-based and ends if you stop paying those fees.
One very common question people wonder when creating a trust is, “Do I need a will if I have a trust?” The simple answer is, “Yes.”
Among the worst issues are that probate court can delay transferring your assets to your heirs, can cause privacy issue because probate cases are a matter of public record, can be costly if your estate has to hire a lawyer, and can open your estate up to conflict from a probate challenge.
Estate planning is not about you, or even about you and your spouse. Estate planning is about making difficult decisions, so your loved ones don’t have to make them for you when you are gone.
Most probate cases in Arizona are informal and can be filed and monitored by court personnel with no need to appear in court for any hearings.
Most probate cases in Arizona are informal and can be filed and monitored by court personnel with no need to appear in court for any hearings.
Estate planning can provide individuals and married couples, the ability to decide how to distribute their assets after death so that it is not left to their family or if no family, the State to decide the fate of your assets.
