Plan with the End in Mind
Planning for the future can be overwhelming, but we are here to help at Alta Estate. Our company specializes in estate planning solutions tailored to your needs so that you can relax knowing your loved ones and assets will be taken care of. Whether you are looking for...
Removing a Trustee
Removing a Trustee from a Family Trust can be complicated and sensitive. It is essential to understand the role of the trustee and the legal requirements needed to remove them from their position. For a trustee to be legitimately removed, it must be done in compliance...
5 Reasons Why Everyone Needs an Estate Plan
Are you over 40 and still haven't thought about safeguarding your assets and perpetuating your legacy? Estate planning is much more than just writing a will - it's a comprehensive legal service for family inheritance arrangement and legacy preservation that outlines...
College Education Trusts: Setting it Aside
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 tuition,...
A Revocable Trust Can Be the Sole Member of an LLC
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...
How to Protect your Assets from Litigation?
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 5...
Funding or Transferring Your Assets To The Trust Is Essential To Avoid Probate
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 | Money Distribution?
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...
How To Avoid Probate
Why should you avoid probate? People want to avoid probate because it is a public record. However, when you die, your estate goes through the probate process, which can be time-consuming and expensive. Probate court is also involved, and beneficiaries may not receive...
How the Court Considers Trusts in a Divorce
A trust is an arrangement in which one person, the trustee, holds legal title to the property for the benefit of another person, the beneficiary. The court must determine whether the trust is marital or nonmarital property in a divorce. If the trust is considered...
