Last week a question was asked that comes up often when I talk with someone regarding estate planning with a trust. The question usually begins with something like; “Can’t I accomplish the same thing …?” It’s a similar thought I had when I first learned about Trusts over two decades ago. Since then, with all…
Tag: Mistakes
#6 of 25 Common Estate Planning Mistakes – Attorney
Not Working with an Experienced Estate Planning Attorney Many people attempt to save money on estate planning by getting a do-it-yourself trust agreement online. Or selecting the attorney who offers the lowest price, regardless of experience. A better value is to work with an experienced estate planning attorney who will craft your estate plan to…
#5 of 25 Common Estate Planning Mistakes – Not Funding
Not Funding Your Living Trust Living trusts must be funded to avoid probate and the need for guardianship. “Funding” a living trust means completing the process of retitling your assets from your individual name to the name of your trust. Funding includes both assets with titles (like real estate) and those without titles (like household…