Revocable Trust
Dynasty Estate Planning and Asset Protection
Two Sides of the Same Coin… Usually if you have planned your estate, you have also tried to protect your assets from being taxed. If things are included in the estate, they will be taxed, so assets need to be moved out and made unavailable to the government. Who are we protecting our assets from?…
Read MoreWhat is a Trust and how do I know if I need one?
A Trust is simply a contract to control the disposition of properties. A person has a contract drafted to protect property or assets to be passed on to a loved one at some point in the future. Participants involved in a Trust are: Grantor- The person who creates the Trust Trustee- The executive that administers…
Read MoreSpecial Needs Trust
Special Needs Trust Definition Many times, there are certain people who should NOT receive outright distributions from a Trust. Some of these times include: When the individual is not able to handle or manage their own affairs, When it would cause the individual to lose other non-Trust benefits, When the individual is vulnerable to exploitation…
Read MoreRevocable Trust Comparison: Simple vs. Dynasty
Trust Comparison The Estate Planning Group of Durfee Law Group offers two levels of Revocable Living Trusts: Simple and Dynasty. This Chart provides a way to make a meaningful Trust Comparison between Simple vs. Dynasty. The Simple Revocable Trust is a smaller lower cost alternative that may be appropriate for very simple and small estates. …
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