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...
Protect Your Assets with a Living Trust
A living trust is a legal document that allows you to control how your assets will be managed and distributed after death. It can protect your assets from probate, creditors, and estate taxes. A living trust can also help you avoid probate if you become incapacitated....
How Divorce Affects Your Estate Plan | Alta Estate Services
When a couple gets divorced, it's not just their relationship that changes - their whole lives are turned upside down. And if they have an estate plan that needs to be updated. Here's a look at how divorce can affect your estate plan and what you need to do to ensure...
