Tag: revocable trust
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Senior Financial Exploitation: Living Trust Scams
It’s a common idea that probate should be avoided at all costs. And that a revocable living trust is the way to get around probate. Some people are packaging these ideas and marketing them. You might receive an invitation to a free seminar, or an event at a local home, where a living trust is…
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Should We Name Our Adult Child on the Deed, So Probate and Title Transfer Aren’t Needed Later?
Would it make it easy on you and your adult child to put the child’s name on the deed to the home you’re buying? Especially if you’re an older adult, it might seem to make perfect sense. But the answer isn’t as easy as it might seem at first glance. So, read on. You might…
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Snowbird Estate Planning for a Changing Environment
If you move with the seasons, your retirement and estate planning needs special attention — now more than ever. This article provides some considerations for snowbirds in changing times.
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Life Estate Deed or Living Trust: Which Path Is Right for Your Home?
It’s never too soon to plan out the transfer of your deed after you pass. One way to do it? The tried-and-true method of writing your last will and testament and including your home in it. You have other choices, though. The life estate deed and the living trust are popular vehicles for a deed…
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Estate Planning for Seniors With Multiple Properties
Seniors who own multiple properties have unique estate planning challenges. It’s a good problem to have. But if you’re in this situation, you’ll need to develop a strategy to pass your valuable assets after your passing. You’ll want to know the basics about deeds, wills, and trusts. Tax implications? Yes, those too. You’ll want to…
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Should Your Child’s Name Be on Your House Deed?
Compare the Alternatives Thinking of putting your child’s name on your house deed? If that’s the person who will get the home after you pass in any case, it might seem sensible. And maybe it is, in certain circumstances. After all, probate can be time-consuming, and even contentious. But before making this decision, do you…
