What are College Education Trusts? College education trusts are an effective tool for families planning for their child’s future education costs. It allows parents, guardians, and other family members to set aside money in a tax-advantaged account to pay...
How it Works A revocable trust can be the only member of an LLC. This setup lets people simultaneously protect their assets, receive the benefits of a limited liability company, and avoid probate upon death. This type of legal structure is advantageous regarding...
If you’re a business owner or in charge of one, you know it can be a full-time job to keep your assets safe from litigation. By protecting your assets, you can take time away from running your company and focus on growing your business. This article will discuss...
You Will Need to Fund Your Living Trust A living trust is a legal document that allows you to control how your assets will be managed and distributed after death. You can name a trustee to oversee the trust. A living trust can be revocable or irrevocable. If you...
How are Trust Distributions Made? When the creator of a trust, also known as the grantor, dies, the trust becomes irrevocable, and assets are distributed to beneficiaries. What Is a Beneficiary? Who is the Trustee? A beneficiary is someone who receives assets from a...
