As both your estate and your family grow, the need for a more comprehensive estate plan will likely be clear. When you decide to improve your existing estate plan, additional estate planning tools and strategies may need to be considered and ultimately added to your existing plan. At Clarity Legal Group, our attorneys consider the Revocable Living Trust to be one of the most important foundations of a good comprehensive estate plan. If you decide to incorporate such a trust into your estate … [Read more...]
What to Know Before Agreeing to be a Trust Administrator
In August, the Trust and Estate Lawyers of Clarity Legal Group held our first Fiduciary School for individuals named as future Trustees, Executors, and Agents under General or Health Care Powers of Attorney. I had long want to address this important gap in the efficient administration of our client's affairs by beginning to prepare these people who play a critical role in the effective management of client affairs. This class was just a beginning, but I think we did effectively define a context … [Read more...]
Your Trust Administration Checklist
If you have been put in charge of the trust administration process to settle an estate involving a living trust, this trust administration checklist can help you. There is a lot of responsibility that is involved in administering a trust and you need to ensure that you have done the necessary steps to facilitate the timely and efficient transfer of assets to the beneficiaries designated in the trust after the trust creator passes away. Having a checklist can help. A trust administration … [Read more...]
Trust Administration is a More Private Way to Transfer Wealth
The trust administration process is a preferred way of transferring wealth after a death occurs. One of the many valuable features of planning with a Living Trust is the privacy made possible through this planning technique. This privacy is available only if you have organized the management of your affairs through a trust before your death. Furthermore, the privacy is only assured if you use the Trust Agreement as a vehicle for avoiding the court process known as probate, which requires both … [Read more...]
What Is A Living Trust?
What Is A Living Trust? from Mark Costley You have options when you are deciding how you want your assets to be transferred after you die. A last will is one of your options, but there are others that you should certainly explore. One of them is a living trust. Learn more about living trust in this presentation. … [Read more...]
