EstatePlanning
- Health
A Beginner’s Guide to Writing a Will
Identifying Your Assets and Beneficiaries Once you have made the decision to write a will, the next step is to identify your assets and beneficiaries. Your assets include anything you own that has value, such as property, vehicles, bank accounts, investments, and personal belongings. It is important to make a comprehensive list of all your assets to ensure that they…
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Understanding Revocable Trusts – An Overview
Benefits and Drawbacks of Revocable Trusts A revocable trust, also known as a living trust, is a legal arrangement where the grantor (the person who creates the trust) transfers ownership of their assets to a trustee, who manages them on behalf of the beneficiaries named in the trust document. Revocable trusts offer several benefits, but they also have some drawbacks…
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