Trusts Archives - Page 4 of 8

June 23, 2023

Putting Your House in a Trust in Georgia to Avoid Probate

As a Georgia estate planning attorney, I'm often asked about putting homes into trusts. Creating a revocable living trust for your home is one of the most effective strategies to avoid probate in Georgia. This simple legal arrangement ensures your property transfers smoothly to your loved ones without court intervention, saving them time, money, and stress during an already difficult period. Let me walk you through how this

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April 16, 2023

Relationships in a Revocable Living Trust

A revocable living trust is a popular estate planning tool that allows individuals to manage their assets during their lifetime and distribute those assets to beneficiaries after their death, while avoiding the time-consuming and potentially expensive probate process. In this article, we will explore the relationships within a revocable living trust. A revocable living trust involves several parties: Grantor (Settlor or Trustor): The person who creates and funds

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February 10, 2023

Trusts Compared: Revocable Living Trusts, Irrevocable Trusts, Special Needs Trusts, Testamentary Trusts

When it comes to estate planning and asset protection, trusts can be an incredibly valuable tool. However, with so many different types of trusts available, it can be difficult to know which one is right for you. In this article, we will take a closer look at four of the most common types of trusts: revocable living trusts, irrevocable trusts, testamentary trusts and special needs trusts. Revocable Living

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August 29, 2022

Estate Planning for High Net Worth Individuals

We know estate planning isn’t a particularly fun process. But believe us when we say it’s way more enjoyable than what happens if you don’t estate plan — probate. For high net worth individuals and their families, the probate process is even worse than usual. That’s because the more assets, the more expensive probate is. And the more complex the estate, the longer it takes. So it’s critical that

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May 18, 2022

How to put your Home into a Trust

https://youtu.be/EtF0eOPsJxo VIDEO TRANSCRIPT How do you put your home into a trust? I'm attorney Sarah Siedentopf and that's exactly what we're going to be discussing in this video. How do you put your house into a trust? So the very first part of this is obviously that we have to have a trust. What is a trust? A trust is a legal document that sets up a grantor,

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April 1, 2022

Setting Up a Trust for Your Child: Avoid These Mistakes

Many people’s first thought when they hear “trust for children” is of wealthy “trust fund babies” — a term that doesn’t have very positive connotations. Perhaps you’re imagining a spoiled kid who won’t have to work a day in their life. The truth is that many families of varying income levels set up trusts for their children as part of their estate planning. These trusts are generally not created

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March 9, 2022

Is your Inheritance Protected in the Event of Divorce?

A big Thank You to our special guest blogger, Alyssa Myers of Harris Divorce and Family Law. An inheritance is generally considered separate property in a divorce proceeding. This means that it is not part of the marital estate and therefore, not subject to equitable division. This remains true regardless of whether the inheritance was acquired before or during the marriage. However, there are certain actions that may

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January 24, 2022

How to Choose a Successor Trustee

If you have a revocable living trust or you’re creating one, you’ve probably named yourself as the trustee. Being able to maintain complete control over your assets while you’re alive is one of the big benefits of a revocable living trust. But you also have to name a successor trustee for that inevitable time when you’re unable to manage the trust — either because of death or incapacitation.

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December 20, 2021

What Happens to a Living Trust in Divorce

https://youtu.be/cH0alLL6gDE There are so many questions regarding what happens to your estate and estate planning in the event of divorce. From mild curiosity before marriage to the drafting of prenups, to navigating a divorce, there can also be feelings of guilt or shame for asking this question. We want you to know it’s okay and important to ask the question. Perhaps you’ve come to this article because you

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November 9, 2021

Creating a DIY Living Trust? Here’s Why it’s a Terrible Idea

https://youtu.be/rcuielBs5Ao If you’re thinking about setting up your own living trust, it’s probably for two reasons: You want to avoid probate. You’re trying to save money. We get it. Estate planning is an investment — and there’s nothing fun to hold at the end. You don’t get a new car or a great vacation or even a fancy new pair of shoes. What you do walk away with

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