From an estate planning perspective, creating a trust may be the best decision you can make. As you begin to learn more about this option, it's important to focus on what you should and should not be doing.
As you create an estate plan, you'll spend a lot of time thinking about what will happen to your loved ones after you are gone. For many people, this also means their pets.
A growing number of people are creating trusts, as opposed to relying on simple wills. While there are many benefits of moving in this direction, you need to answer this question: What will happen with your trust once you pass on?
When creating an estate plan, it's imperative to understand the finer details of each strategy. Although you may not use every tactic available to you, it's a good idea to consider each and every one.
As you go through the process of creating an estate plan, it's imperative to consider each and every strategy that is available to you. This is the only way to ensure that you are 100 percent comfortable with your situation.
There are many benefits to establishing a trust. As you go through the process of creating an estate plan, it's imperative to learn more about each type of trust. This includes those that are often overlooked.
A growing number of people are creating a trust, as opposed to a will, as they consider what's best for them from an estate planning perspective. While this is a great idea on many fronts, it's important to note that trust administration laws are extremely complex.
While some people strongly believe that a will is the only estate planning document they need, others have come to find that a trust has just as much to offer.
In our last post, we discussed how pet owners who consider their dogs, cats or other creatures to be members of the family naturally want to do everything in their power to ensure that they receive the necessary love and care, especially in the event of their sudden demise or incapacity.
If you were to ask a random sampling of pet owners as to whether they consider their dogs, cats or other creatures with which they share their homes to be part of the family, chances are very good the majority of these pet owners would answer a resounding "yes."