A Revocable Living Trust allows you to avoid probate at death. You don’t have to hire an attorney to go to court. However, you still need a trust and estate attorney to help you settle the trust estate. Sometimes an attorney writes in the trust or will that if the [...]
To “fund” your revocable living trust means to put assets into the trust. When you have a trust, it is important to know what assets to put into the trust, and what assets to leave out of the trust. It is also important to know how to put assets into the trust. [...]
Governor Linda Lingle recently approved a new law which allows us to make a trust for the care of our pets. Such a trust is valid if made on or after June 24, 2005. The new law gives some rules that apply to trusts for pets.
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Many people have a “revocable living trust” without understanding exactly what it is. If you learn a few basics about trusts, you can understand what they are and how they work.
Trusts began long ago in England, during the Middle Ages. In those days, knights, barons, dukes and others owned property. If a [...]
Almost every family owns a car. Many families own more than one car. You may have wondered whether your car should be owned by your revocable living trust. Or should it stay in your name? Or should it be in two names? Today we will discuss what to [...]
A client recently asked me whether it is a good idea to get a reverse mortgage. Before I answer that question, let me explain how a reverse mortgage is different from a regular mortgage.
Most of us understand what a regular mortgage is. You borrow money from a bank. You sign a mortgage [...]