Defining Trusts - Revocable or Living Trusts and Irrevocable Trusts What's the difference between a revocable trust and a living trust? We hear clients ask this question rather often. In truth, both revocable and living trusts are one in the same. They are both a trust whose terms may be changed or adapted as needed. [...]
What will happen to your loved ones, your beneficiaries, when you have passed away? How will they manage their inheritance? Often times, leaving behind a large sum of money to someone without money management skills can be disastrous. A revocable living trust will afford you the ability to make things easier on your survivors, including [...]
Keeping Things Fair Paul Sullivan of the New York Times published an article today talking about how you can treat your children different in your will but still be fair to all involved. In the article, Mr Sullivan talks about whether one could need to treat children differently as far as distribution of assets are [...]
There’s nothing at all like the death of a celebrity to bring home the reality that there is an end to life for us all. This is especially so when the death is abrupt and completely unexpected. It could be a favorite actor, an athlete, or even a much adored singer such as Prince. When [...]
