Trusts

Trusts

Take steps to fund your trust

Creating a trust allows you to pass money or property to family, friends or an organization of your choice without going through probate. However, the task of setting up your trust is not over when you sign the documents to create your trust. You have to fund your...

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What are duties a trustee should carry out?

If you want to create a trust for your family, there will be important duties your trustee should carry out. In general, a trustee must honor the wishes of the person who created the trust and carry out duties owed to beneficiaries. Depending on the trust you create,...

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Is there a way to avoid estate taxes?

As you get deeper and deeper into the estate planning process, you will inevitably begin to recognize opportunities to avoid (or mitigate) expenses against your estate. Taking action to settle liabilities before your death, covering your funeral costs and avoiding...

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Fiduciary duties and accounting

As a fiduciary to a beneficiary, there requires a long-standing commitment to arrange financial details, make important decisions regarding a trust and keep an impartial head about things even when beneficiaries get heated over the division of trust assets. As Forbes...

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Pick the right trust for you

There is no perfect trust. They all have their pros and cons. When individuals do thorough estate planning, however, they may come across a trust that feels absolutely perfect for their needs. The key is knowing what the options are to choose wisely.  Understanding...

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