Three Parties To A Trust

When you hear the word “trust” how does it make you feel? Do you get a little nervous and start questioning the intricacies of this complex topic? Well, I’m here to tell you, it’s not as complicated of a concept as you might think.  Let me break it down for you. There are three partiesContinue reading Three Parties To A Trust

Revocable VS Irrevocable

If you’ve ever looked at a trust document, you probably have seen the terms “revocable” and “irrevocable” trusts. Just so you know, 100% of trusts are either revocable or irrevocable. So what do they mean? Quite simply put, a revocable trust is a changeable trust. it’s easy to dissolve and move assets in and outContinue reading Revocable VS Irrevocable

Three Types of Trusts

I’m going to paint a picture for you. You’re meeting with an attorney who turned over a trust document to you and you’re overwhelmed. You’re met with all these big legal words that make zero sense to you. I’m talking words like  “grantor,” “non-grantor,” “irrevocable”… Seeing all these confusing terms, well, that can be aContinue reading Three Types of Trusts

Trust Situs

When the tax season comes around, you will often see people crossing their fingers and whispering a silent prayer that they will receive a refund. The sad truth is few are doing so. We can all relate to the feeling though. The tax code (and IRS customer service) are intimidating, so most people leave theContinue reading Trust Situs