Do I Need a Trust to Avoid Probate?
Benefits of using a trust One common goal in estate planning is to avoid probate. Probate is the legal process of distributing a person’s assets…
Who Can Be the Trustee of an Irrevocable Trust?
Trustee selection Choosing a trustee is one of the most important decisions you need to make when setting up an irrevocable trust. The trustee plays…
When Does a Revocable Trust Become Irrevocable?
Trusts are a standard tool for protecting and distributing assets. One critical decision in creating a trust is whether it should be revocable or irrevocable….
What is a Revocable Beneficiary?
In the probate and trust law world, various legal terms and concepts seem complex and need clarification. One such term is “revocable beneficiary.” So, what…
Who Has the Right to Change a Revocable Beneficiary?
Understanding the legal authority surrounding revocable beneficiaries is crucial for estate planning and distribution. In this section, we will delve into the legal aspects of…