What You Need to Know About Trusts, Revocable Trusts and Living Trusts
In California, a trusts are often called trusts, revocable trusts and living Trusts These terms all refer to the same document.
Category «Trusts»
How to Fund Your Trust
Trusts provide for the post-death transfer of assets at a minimum cost and effort. But a trust cannot just be created; it must also be “funded.” An unfunded trust does not avoid probate, and it is a common and very costly mistake.
The Importance of the Designated Beneficiary for Retirement Accounts
The designated beneficiary form transfers retirement plans such as 401ks and IRAs from the owner to heirs. A designated beneficiary is a person or trust identified as the payee on the retirement account owner’s death. Plan administrators provide forms for the owner to name or change the designated beneficiary.