Revocable Living Trust Help Guides

7 Key Estate Planning Steps to Follow When You Have Kids
As a new or soon-to-be parent, you begin to realize that there is very little you would not do to protect your beloved children. Babyproofing your home and finding the perfect car seat are important steps, of course, but have you created a contingency plan to ensure your child continues to receive amazing care once you are no longer around? Do you k...
Essential Estate Planning Updates to Make After You Get Divorced
Divorce holds considerable implications not only for your financial future, but also for the future of your loved ones and even your medical care. To that end, it is imperative that you revisit your estate plan as soon as you seek divorce or separation. Keep the following estate planning considerations in mind as you proceed with your divorce. Befor...
How to Leave an Heir Out of Your Will
When the multi-married actor Henry Fonda died in 1982, he left his estate to his fifth wife, to whom he was married at the time of his death, and one child he had adopted with his third wife. He specifically left nothing to his other two children, the actors Peter and Jane Fonda, who he had fathered with his second wife. The words Fonda used in his...
How to Set Up a Living Trust
A living trust, also called a revocable living trust or simply a revocable trust, is a common estate planning tool. When you create a living trust and transfer assets into it, those assets avoid probate court when you die. A living trust can also make it easier for your loved ones to manage your estate in the event you become incapacitated during yo...
Estate Planning: When to Update Your Plan and Why
If you have an estate plan already in place, then you have started off on the right path. If you do not have one yet, it is time to get one drawn up so you can have a plan in place. However, once you have your estate plan made, it is not......
Components of an Estate Plan and How to Determine What You Need
An estate plan is something that everyone should have in place. Whether you only need one estate planning document or all of them will depend on your specific situation. While you may already have one component, such as a will, it may not be......
Using LLCs for Estate Planning
An LLC, or Limited Liability Company, is a business entity that is separate and apart from its owner(s). It offers asset protection and a less complicated tax and formal structure than a corporation. Small businesses and individuals often use......
How Can Business Owners Use Trusts to Their Advantage?
Protecting your business assets is imperative, especially if you are planning for future generations to take over the business. Incorporating your business or setting up a limited liability company (LLC) provides some personal protection, but......
An Overview of Trusts
Trusts can be very valuable tools that individuals can use within their estate plan. They are one aspect of a larger plan, and when used correctly, they can have many different benefits. They are not the best move for everyone, however. Having......
7 Reasons to Think about Estate Planning When Starting a New Business
Americans generally prefer not to think too much about what will happen to their assets and loved ones when they pass away. An estate planning survey by Harris Interactive revealed some surprising statistics about the number of adult Americans......