Trusts FAQs

• Q: What Is Estate Planning?
  A: Estate planning is a process to consider alternatives for, to think through, and to set up legally effective arrangements that would meet your specific wishes if … More
• Q: What is an AB Trust?
  A: Many people are afraid that if their spouse passes away they will face a hefty tax bill.  However, spouses can set up an AB trust.  An AB trust is a type of … More
• Q: Does It Make Sense To Use An Attorney? Is It Expensive?
  A: Only an attorney who regularly practices in the fields of wills, trusts, probate and estate planning is able to provide you with really sound legal advice as you put … More
• Q: When Should I Start My Estate Plan?
  A: The only time that you can prepare and implement an estate plan is while you are alive and have legal capacity to enter into a contract. If you are unable to manage … More
• Q: What Sorts Of Instructions Are Made As Part Of An Estate Plan?
  A: An estate plan consists of one or more documents that set forth instructions. Some documents are used to control health care decisions, others control your property in … More
• Q: How Can I Reduce My Estate Tax Upon My Death?
  A: Federal Estate Taxes are only charged against Estates with net values in excess of the amount set by the law in place at the time of the person's death.  The … More
• Q: What Is A Trust?
  A: A trust is a fictitious legal entity that owns assets for the benefit of a third person (beneficiary). The Grantor of the Trust is the person who set up and gave … More
• Q: What Is The Difference Between A Will And A Trust?
  A: A Will and a Trust serve different purposes. Most people don`t have either one. A Will and a Trust are similar in the effect that both let you designate exactly how … More
• Q: What are Some Typical Estate Planning Documents?
  A: Several of the following documents are typically used as part of the estate planning process:   A Will, sometimes called a Last Will and Testament, to transfer … More
• Q: If I Set Up A Living Trust, Do I Still Need A Will?
  A: Yes. Your Will serves as a back up for assets that you either don`t or are not able to transfer to your Living Trust. Any asset not transferred to the Trust will not … More