When you created your initial estate plan, you probably relied on a Last Will and Testament to take care of distributing your estate assets. As you and your estate grow, however, so should your estate plan. It may be time to consider another option for distributing your estate assets – a living trust. To help you decide which option is right for you, the estate planning attorneys at Nash, Bean, Ford & Brown, LLP explain some common reasons why many people choose to use a living trust to … [Read more...] about Reasons to Use a Living Trust to Distribute Your Estate
Do you have an estate plan in place? If not, the reason may be based on the mistaken belief that you don’t need one. People often put off creating an estate plan because they think estate planning is only necessary for those who have acquired a significant amount of assets. To help dispel that myth, a estate planning attorney at Nash Bean Ford & Brown, LLP explains why the value of your estate has nothing to do with the need for an estate plan. Estate Planning Misconceptions Most people … [Read more...] about Why Do I Need an Estate Plan If I Have Very Few Assets?
At some point, you may decide to incorporate a trust into your comprehensive estate plan to help you achieve one (or more) of your estate planning goals. If so, one of the most important steps in creating your trust will be to choose someone to be the Trustee. Unfortunately, people often realize after the fact that they chose the wrong person as their Trustee. To help ensure that you don’t make the wrong choice, a trust administration attorney at Nash Bean Ford & Brown, LLP explains what is … [Read more...] about What Is Required of a Trustee?
A living trust is one of the most common estate planning tools. In fact, living trusts have evolved to the point where there are few estate planning goals that cannot be furthered using a living trust. One of the advantages to using a living trust to distribute assets is the fact that you can make changes to the trust, if you create the right type of living trust. To help broaden your knowledge, the living trust lawyers at Nash Bean Ford & Brown, LLP explain how to make changes to a living … [Read more...] about What Is the Best Way to Make Changes to My Living Trust?