If you have a trust as part of your estate plan, then you will need to name a trustee. The trustee is the person who will manage the trust assets and ensure everything goes smoothly according to your wishes when you die. However, SmartAsset explains the trustee's...
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Month: April 2022
Making sure your estate plan works for you
An estate plan can help you visualize your goals for the future. You can identify what you want for your surviving family members and describe your expectations for the dissolution of your assets. Finding a strategy that works for your family will take time. In fact,...
Creating an estate plan for new homeowners
Many people do not consider planning their estate when they purchase a house. Young homeowners do not always consider the future, but this is understandable during the excitement and months of preparation. However, once you settle into your new home, you should start...
Assets that a trust may own and that a trustee may manage
By creating a trust, grantors form a separate entity that may own the assets transferred to it. As noted by the Superior Court of California, County of Santa Clara’s website, real estate titles may list a trust as a property’s owner. A trust’s grantor generally...