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Pros & Cons of Living Trusts: What You Should Know?

August 27, 2015 Posted In Trust Administration,Trusts

Living trusts can be powerful estate planning tools that can offer a lot of benefits to trustmakers (or grantors), as well as their beneficiaries. However, living trusts are not for everyone. There may be some drawbacks to developing them in some cases. Below, we will explore the pros and cons of living trusts more closely.…

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Your Go-To Estate Planning Glossary: Key Estate Planning Terms Defined

August 19, 2015 Posted In Estate Planning,Powers of Attorney,Probate, Estate, & Trust Administration,Trusts,Wills

Estate planning and probate can be involved processes. For those who are just getting started with either of them, knowing some fundamental terms can be a good place to start, as it can begin to familiarize people with the key terms they will likely be hearing and needing to understand as they move forward. To…

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Four Costly Probate Mistakes to Avoid

August 10, 2015 Posted In Creditors and Probate,Probate, Estate, & Trust Administration

Although probate can be a lengthy, involved process, making mistakes during it can end up complicating it further, potentially increasing both the duration and costs of the process. For personal representatives, it can also mean that they are held personally liable for their mistakes, as they could be sued, depending on the nature of the…

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