Creating a revocable trust gives you flexibility over your assets while you’re alive and also clearly states your intentions should you become incapacitated and unable to manage your affairs, as well as after your death.
The value of your house is based on the fair market value, regardless of any amount you owe on the house.
Estate planning creates stability in times of loss. If you end up in a state of incapacity later in life, it’s guaranteed to be a difficult time for your family. If your estate plan doesn’t include detailed instructions
Your family matters, and will be affected by your death, no matter how little or how much you have. Estate Planning is about having a plan in place that will help ease some of the stress that inevitably follows a loved one’s passing.
Confused about the differences between wills and trusts? If so, you’re not alone. While it’s always wise to contact experts like us, it’s also important to understand the basics. Here’s a quick and simple reference guide:
What Revocable Livin…