Archive for November, 2013

Trust Funding Options

November 26th, 2013 by Passare


Trusts can be categorized in several different ways: Living versus testamentary Revocable versus irrevocable Funded versus unfunded Self-trusteed versus third-party trusteed There are several types of trusts within each of these categories.

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How Trusts Work

November 25th, 2013 by Passare


Living Trusts won’t save you a penny while you’re alive, but after you’re gone a trust can eliminate the need for probate and probate fees and also reduce or eliminate federal estate (death) tax. More of the property you leave goes to the people you want to inherit it.

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Why Trusts Are Important

November 20th, 2013 by Passare


When planning ahead it’s very important to think about what you want to accomplish. What are your goals – for yourself and your family? Once you choose your goals then you can see what tools will best accomplish those goals.

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What’s A Trust?

November 18th, 2013 by Passare


The best way to think of a trust is that it’s like a contract – a contract that controls what happens to your property. And just like with a contract, it’s the terms of the trust that are controlling.

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