Trust, Will & Estate Planning FAQs

6 FAQs where found , 6 in this page

What is an estate planning?

Estate planning involves the change of possession of property and belongings upon an individuals death. It also involved how these properties and assets are owned. Learn More

How does the Will work?

The will or testament begins to work when the testator passes away. The document will be submitted to probate and the court will determine if it is real and legal. After this, the executor will gather the family together and let them know how the distribution of the funds and property transfers go. Learn More

What is probate?

Probate is a legal process that recognizes a will and assigns an executor who will manage the estate and allocate assets to the beneficiaries. Learn More

Is it important to contact a lawyer for drafting a will, trust and estate planning? Why?

Yes. A qualified trust and will attorney can interpret the laws on wills, taxes, property rights and probate. In addition, there are legal requirements necessary for properly form drafting, personal issues are correctly addressed. Learn More

Can I function as my own trustee in regards to a living trust?

Yes, if you are a competent individual there is no reason why you cannot be your own trustee; even if you are married your spouse can be your co-trustee. Learn More

Can I name trustees and beneficiaries people who live out of state?

Yes, there are no limits; they may reside out of the state. Learn More