Joint Trust vs Separate Trust for Married Couples - Werner Law

Joint Trust vs Separate Trust for Married Couples

Trusts are excellent vehicles for managing and moving wealth between individuals, both in life and death. But setting up a trust is not quite as simple as drafting and notarizing a will. Continue reading for an in-depth analysis of a joint trust vs. separate trust. There are several moving parts, agreements, and conditions to consider …

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How to Avoid Probate Without a Living Trust - Werner Law Firm

How to Avoid Probate Without a Living Trust

When a person dies, their belongings distribute among the living. There is very little we can take with us into the afterlife – and most of what counts as a personal possession, especially property, must pass into another person’s ownership. Probate laws determine this. Probate refers to the judicial process of administering a decedent’s estate, …

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How to Set Up a Pet Trust - Werner Law

How to Set Up a Pet Trust

For those who see their animal companions as family members, a pet is not mere property, but a trusted loved one. And while most humans outlive their pets, some animals can be quite long-lived, and in other cases, an untimely passing might leave a pet homeless. Estate planning may mean the difference between knowing our …

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What is a Testamentary Trust? - Werner Law

What is a Testamentary Trust?

A testamentary trust is a trust agreement written and designed to go into effect after your death. As opposed to the more popular living trust, wherein the trust becomes valid as soon as it is signed and notarized, a testamentary trust is established through a last will and testament. Trusts and wills are often compared …

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What is a Restatement of Trust in California? - Werner Law

What is a Restatement of Trust in California?

Trusts are powerful and versatile legal entities, allowing for asset protection, the elimination of conflicts of interest, minimizing tax liabilities, and the quick distribution of wealth before and after death. Yet to perform any of these functions, trusts must be written and managed in a certain way. There is a lot that goes into developing …

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