As your estate plan grows and expands, you will incorporate a variety of estate planning tools and strategies into that plan. One of the most common of those is a trust. If you do decide to add a trust to your estate plan, you will need to appoint a Trustee for that trust. Can you appoint yourself to be the Trustee of your Westport revocable trust? What You Need to Know about Trusts A trust is a fiduciary arrangement that allows a third party, referred to as a Trustee, to hold assets on behalf … [Read more...] about Can I Be the Trustee of My Own Revocable Trust?
Revocable Living Trust
There are many good reasons to create a revocable trust. Revocable trusts, or living trusts as they are also called, can provide important protection for your assets while still giving you flexibility and control over the wealth you transfer to the trust. However, there are also some limitations on what revocable trusts can do for you. It is important to think about both the benefits that come with creating a revocable living trust as well as the downsides of this trust type. Nirenstein, … [Read more...] about Downsides to a Revocable Trust
A revocable living trust is a very popular estate planning and asset protection tool. There are many reasons why you should consider the creation of a revocable living trust in order to protect your financial security and your legacy. There are also limitations as to what exactly a living trust can do. Nirenstein, Horowitz & Associates can assist you in determining if creating a revocable living trust is a good decision given your personal, financial, and family situation. Our legal team … [Read more...] about 4 Reasons to Create a Revocable Living Trust
You don't lose control of the assets in the trust while you are living, but after you die, the resources are distributed among the beneficiaries outside of the probate process. Revocable living trusts are very useful for people who want to facilitate fast and efficient postmortem asset transfers. You don't lose control of the assets in the trust while you are living, but after you die, the resources are distributed among the beneficiaries outside of the probate process. Click here to read the … [Read more...] about Complimentary Report: Why Would I Want a Revocable Living Trust in Connecticut?
Why Would I Want a Revocable Living Trusts in Connecticut from Barry D Horowitz The heirs won't receive their inheritances until after the process has run its course. Learn more about revocable living trusts in Connecticut in this presentation. … [Read more...] about Why Would I Want a Revocable Living Trusts in Connecticut
The individual who creates a revocable living trust is referred to as the grantor of the trust. There is a trustee who administers the trust, and there is a beneficiary who can receive monetary distributions from the trust. Topics covered in this report include: Revocable Means Revocable Further Benefits Irrevocable trusts Click here to read the whole article or download the PDF. … [Read more...] about Complimentary Report: Do I Lose Control of Assets in a Revocable Living Trust?