We often recommend a trust as part of a comprehensive Estate Plan. We cannot say often enough that whether your plan includes a trust or not, making sure the way you own your assets and the way beneficiary designations are set up is critical to the outcome of the estate plan. It is not enough to get the documents right. This article is the second in a two-part series that examines the effect that title has on an Estate Plan. The first step is understanding what forms of ownership your state recognizes and the potential benefits and detriments of each. The second is determining which form of ownership best accomplishes the goals of the client. Read on to learn more.
With more than 30 years’ experience in private practice, Mark Costley has helped hundreds of North Carolinians with estate planning, living trusts, financial law, probate, and trust administration. Mark’s work involves elements of teaching, strategic analysis and planning, documentation, and assisting clients in implementing their plans Read More!
Latest posts by Mark Costley (see all)
- How to Protect Older Loved Ones from Financial Exploitation - October 28, 2024
- How to File a Creditor Claim in North Carolina: A Guide to Recovering Debt from an Estate - September 26, 2024
- Naming a Guardian for Your Minor Children in Your Estate Plan - August 8, 2024
