Testamentary Trust vs Living Trust: Evaluating Both - Werner Law

Testamentary Trust vs Living Trust: Evaluating Both

Testamentary Trust vs Living Trust An estate constitutes the total financial value of a person’s belongings at the time of their death – including their real estate, personal property, investments, financial instruments, and sentimental possessions. When you die, all of these things must go on to be distributed among the living. The probate process is …

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The Role of Ring Fencing in Living Trusts - Werner Law

The Role of Ring Fencing in Living Trusts

Ring fencing has nothing to do with jewelry, but everything to do with protecting the assets that are most important to you – or mitigating risk in a volatile business.  Ring fencing describes the act of separating, isolating, and insulating select assets or business dealings through some form of legal arrangement. There are no formal …

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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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