When we die, everything we own must be distributed among the living. Aside from some relatively fringe exceptions where people have requested to be buried with all sorts of belongings, the dead cannot “own” anything per se, and as such, must pass property on to their loved ones and next of kin. An estate plan
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As you begin exploring your estate planning options on how to protect your assets, you’ll likely consider either revocable or irrevocable trusts. Trusts are an excellent tool for those who want to pass their estates and assets to beneficiaries without having to go through the costly, stressful, time-consuming probate process. Comparing the benefits and downsides
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Revocable living trusts can add flexibility to your estate planning in several ways. By finding a legal professional to assess your situation and lead you through the process, you can find many different paths to deciding on your family’s best solution. It’s a good way to avoid the frustration and expense of the probate process.
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