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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FAQs About Living Trusts - Werner Law Firm

FAQs About Living Trusts

Among the many ways to build an estate plan and prepare for the inevitable, the trust is arguably one of the more complicated options. A trust involves creating and legitimizing a legal agreement between two individuals for the benefit of a third, effectively creating an entity that temporarily possesses ownership over your properties and assets, …

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Living Trusts vs. Wills: Comparison of the Two Essential Legal Documents - Werner Law Firm

Living Trusts vs. Wills: Comparison of the Two Essential Legal Documents

Homonyms are words that are spelled the same but mean different things. The word “will” is a perfect example, meaning many things, from defining a person’s mental strength, to serving as a verb, or a legal document. In the same sense living wills and living trusts are completely different from one another, in a sense …

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Living Trusts

Advantages of Living Trusts

Living trusts are touted as among the best and most common estate planning tools, for a good reason. They are versatile, keep you protected from probate, help you maintain privacy, and can turn a complicated estate into a smooth inheritance. But a living trust is not as simple as a will, and setting one up …

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Living Trusts

Living Trusts vs. Family Trusts: What’s the Difference?

Living Trusts vs. Family Trusts Making decisions regarding your own estate plan can be very challenging. Not only is it a complicated topic but thinking about how you are going to be settling your affairs after death means thinking about death, and for many, the thought of dying and leaving everything behind is uncomfortable. The …

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What Are the Risks of Drafting Your Own Living Trust? | Werner Law Firm

What Are the Risks of Drafting Your Own Living Trust?

Take two cars to the track. One is a fully-fledged drag racer, built specifically for a certain stretch of road, with a custom transmission, near-perfect aerodynamics, as little weight as possible, and just enough fuel needed to cross the finish line. Pit it against a stock Honda Civic. Which will win? Specificity is the key …

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Comparing, Understanding Different Types of Trusts | Werner Law Firm

Comparing, Understanding Different Types of Trusts

A trust is a legal entity that enables the transfer of assets from one person to the next. While all trusts have the same end goal, a different type exists for every circumstance. It works as an instrument for temporarily holding wealth under the trust’s name, separate from the original owner and beneficiary, before passing …

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