I am often asked about the difference between wills and revocable trusts, so I thought it important to explain the purpose of each. Wills and revocable trusts basically do the same thing – each is a ...

Wills and revocable trusts basically do the same thing – each is a document in which you give away your assets to your beneficiaries upon your death. Both can be revoked and changed whenever and as ...

Written by Alexander J. Chaudhry, as originally published in The Reverse Review. Due to the expense and complexity of probate and the uncertainty surrounding death taxes, many senior citizens are ...

A trust is a legal entity that holds assets for the benefit of another. Basically, it’s like a container that holds money or property for somebody else. There are three parties in a trust arrangement: ...

The basics of trusts are easy to understand. Trusts are legal entities that allow one party to manage assets for the benefit of another. They involve three key roles: the grantor who establishes the ...

Recently I spoke to a group of very nice people at a church. Fortunately for me, and for the people I spoke to, most of my discussion was answering their estate planning questions. Although I was ...