In this Ask Mike post, Mike answers the question “Can I refinance my home after putting it into a trust?”
Wills and trusts are both indispensable estate planning tools. They can both be used to transfer assets after death. But there are some critical differences. Knowing the difference can be key to planning an effective estate plan.
The amount of wealth to be transferred the the baby boom generation to their heirs is expected to be as high as $59 trillion over the next several decades. That’s a lot of money. To make matters worse, our modern society has become more fragmented than ever before. These two facts together will lead to more than a few family disputes.
Here’s 8 tips on how to minimize the chance of a legal dispute over your estate:
What stops people from getting an estate plan that serves their needs? Here are the top 5 reasons people have an incomplete or poor estate plan.