by M G | Mar 5, 2022 | Uncategorized
A revocable living trust is an agreement between the grantor (the person creating the trust) and the trustee to manage the trust property for the benefit of the beneficiary (usually the same person – the grantor). When the grantor transfers property to the...
by M G | Mar 5, 2022 | Uncategorized
1) Flexibility – The revocable living trust can provide a flexible mechanism for managing assets should a person become incompetent or has diminished capabilities. 2) Avoid probate – probate is a judicial process where a will is reviewed (typically) by a...
by M G | Mar 5, 2022 | Uncategorized
1) No court oversight – If there are concerns over intrafamily suspicions and feuds, or if there may be discomfort of a family member acting as a successor trustee to wind up the affairs of a deceased family member, then judicial oversight may not be a bad idea....
