A living trust allows you to partially avoid the probate process, which helps your beneficiaries. But certain assets should ...

Learn the difference between a living trust vs. living will, including why you need both, what they're used for, and how to ...

Living trusts provide exceptional flexibilty and control in estate planning. Some trusts can help minimize tax liability, but not every trust offers those benefits. Those features need to be weighed ...

Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

Sometimes, not always, when a person dies — even if they left a will — a legal process called probate ensues. Probate is ...

Dear Liz: Is there a minimum amount of assets required before a revocable living trust is advisable? I am retired but my wife is still working. If we do not include our 401(k) plans, our total liquid ...

A revocable living trust can help you protect privacy, avoid probate and protects you in case of incapacitation. But you will also have some limitations. That's because revocable living trusts can be ...

Dear Liz: My husband and I made a living trust in 2004. He died in 2018, so his half became irrevocable. But while we were settling his estate, no one mentioned (though I can see clearly in the 2004 ...

The information in this column is intended to provide a general understanding of the law, not as legal advice. Readers with legal problems, including those whose questions are addressed here, should ...

Q:My parents are joint owners of their home. My mother is in the hospital, incapacitated by a stroke. Is it too late for my father to deed the house out of their names into a trust? A: If your mother ...

Being either a successor trustee or an executor is often a big commitment that may last for years. You’ll be required to ...

A risk exists when you own an asset, such as investment real estate or an airplane. Someone might slip and fall on your property and sue you, or the airplane might be involved in an accident. To ...