Living Trusts

The Gift of a Living Trust

When considering end-of-life planning, very few of us relish the idea of our loved ones spending the days after our passing inside a courthouse, hashing out details of what goes to whom. This procedure is the matter of probate. Even with the proper preparation of a living trust or will, the probate courts maintain rules and

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Are You Making Full Use of a Living Trust? - Werner Law Firm

Are You Making Full Use of a Living Trust?

Many people include living trusts in their estate planning for the purpose of avoiding the probate process. That’s a wise goal; probate is the legal machinations by which the state decides how a person’s assets ought to be distributed after a person dies. The process is draining for the deceased’s loved ones, beneficiaries, and executor,

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Gain Peace of Mind with a Living Trust - Werner Law Firm

Gain Peace of Mind with a Living Trust

Future goals of making an estate plan now include avoiding probate later, as well as keeping estate taxes at bay. What most people don’t realize is that estate planning can be useful while they are still alive. One way of maintaining control of your assets, while still providing for loved ones after your death, is

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How an Unfunded Living Trust Poses Risks - Werner Law Firm

How an Unfunded Living Trust Poses Risks

A living trust is often cited as a low-risk way to avoid lengthy probate or certain taxes. It can be a straightforward way to divide assets or designate beneficiaries. Some kinds of trusts can be set up to automatically transfer assets to a spouse, others can be modified or amended without difficulty. But if a

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Can a Living Trust Reduce Estate Taxes - Werner Law Firm

Can a Living Trust Reduce Estate Taxes?

One of the main advantages of undertaking estate planning is the avoidance of the probate process. Probate is the procedure by which a specialized or district court undertakes the distribution of a dead person’s belongings, which includes real estate, the contents of bank accounts, and personal items. The probate process can be unsettling, public, tiring,

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Are Living Trust Documents Made Public, Like Wills? - Werner Law Firm

Are Living Trust Documents Made Public, Like Wills?

Have you ever seen a TV show in which a living trust is dramatically unsealed? Probably not. Living trusts usually don’t make fodder for great drama because they are typically undertaken precisely to avoid the messy, lengthy probate process. In probate, a county court determines whether or not a last will and testament is valid,

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Non-Probate Assets: 6 Costly Types to Avoid - Werner Law Firm

Non-Probate Assets: 6 Costly Types to Avoid

The goal of most people who take on estate planning is to pass on their assists with as little worry, delay, or cost as possible. Many look for ways to ensure that their assets are non-probate assets or non-probate property. These are kinds of property that pass directly to those you have named as your

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"Living Trust Mills" Have Many Faces of Fraud - Werner Law Firm

The Many Faces of “Living Trust Mills”

We all know it’s important to provide care for our loved ones after we’re gone. For some that means to leave a legacy to our favorite charity to help sustain causes we’ve supported throughout our lives. We know we need to leave a valid will and maybe even a living trust to avoid probate, but

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