Living Trusts

What Happens to Assets Left Out of a Living Trust? - Werner Law Firm

What Happens to Assets Left Out of a Living Trust?

A living trust is a unique estate planning tool because it effectively transfers ownership over specified assets and property to someone else through a third party, while giving the original owner a varying degree of control while the assets remain in the third party’s care. This is important in the context of estate planning at

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Estate Planning: Different Types of Trusts - Werner Law Firm

Different Types of Trusts

In estate planning terms, a trust is both an agreement and an entity, created for the purpose of holding assets and accounts ‘in trust’ until they are ready to be distributed to designated beneficiaries. Trusts must be ‘funded’, which involves amending the assets mentioned within the trust document to reflect that they are now part

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