Who Needs a Trust — and When
A will is an important way to distribute your assets, financial and otherwise. One major limitation of a will is that you have to die before it can become effective; in other words, if you’re incapacitated, a will has no legal effect, so any health care proxies or durable powers of attorney you might have […]
What Are Trusts and Do You Need One?
When it comes to estate planning, one of the most important factors to keep in mind is that trusts are formed in accordance to state, not federal, law. That’s why it is so important for people who want to establish a trust to consult with a tax law expert who specializes in the laws within […]
