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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Pour-Over Wills

What Are Pour-Over Wills, How Do They Work?

Pour-over wills provide peace of mind for both you and anyone else who stands to inherit all or part of your estate. They are so named because any assets not specified in a valid last-will-and-testament will “pour over” into a living trust, and thereby into the hands of the intended recipient(s). How Are Pour-Over Wills …

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Living Trusts

The Truth About Living Trusts

Living trusts are excellent estate planning documents with a lot of flexibility and utility. Through a living trust, wealthy individuals with very complicated estates can better control how their wealth is passed on, and ensure that their will – as in, what they want – is properly communicated past their death. But a living trust …

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5 Elements of a Well-Crafted Living Trust - Werner Law Firm

5 Elements of a Well-Crafted Living Trust

When it comes to estate planning, living trusts are an incredibly reliable tool for ensuring that your estate is protected against probate, and ready to pass into the hands of your loved ones. However, setting up a living trust takes a little time, and a few resources. Let’s go over the basics of setting up …

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Avoiding Probate on Investments with a TOD

Avoiding Probate on Investments with a TOD

Upon death, a person’s belongings pass through the probate process to clarify and establish the contents of the estate on record and determine who gets what. Without any documents indicating the decedent’s will, the state determines how an estate is distributed as per existing intestate laws. If a will exists, it passes through probate and …

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