The word “trust” gets used quite broadly, creating potential confusion. While a “living trust” is a widely discussed instrument for estate planning, it’s crucial to understand that not every trust is a living trust. Below our <insert city> estate planning lawyers break down the key distinctions. What is a Trust? Simply put, a trust is […]
A trust is a valuable estate planning tool that offers flexibility and control over the distribution of your assets. One essential aspect of managing a trust is opening a bank account in its name. This article will explore the key factors to consider when opening a trust bank account, including the required documentation, account types, […]
A revocable trust is an estate planning tool that enables an individual to control their assets during their lifetime while still providing for their beneficiaries after they pass away. Bella Vista Revocable Trust is one such trust that has gained popularity among individuals looking for a flexible estate planning solution. In this article, we will […]
As we approach our golden years, one of our top priorities is to ensure that our hard-earned assets are protected and properly distributed to our loved ones after we pass away. A revocable trust is one of the best ways to achieve these goals. In this article, we’ll discuss a Springdale Revocable Trust and its […]
When creating a trust with a Bentonville trust lawyer, it is important to understand the specific roles involved. The grantor is the person who establishes a trust. The designated beneficiary is the person who receives the assets held in trust when the grantor dies. Probate is unnecessary because trust property passes outside the last will […]