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Making Sense Out of Dollars
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Part 3 of 12 WHAT TYPES OF WILLS ARE THERE? Several different types of wills are described below. Since states differ in the types of will used, check with an attorney to make sure the type of … more
Part 2 of 12 WHAT HAPPENS IF YOU DIE WITHOUT A WILL? If there is no will whatsoever, severe problems can arise. Without a will (intestate) you, in essence, have condemned your estate to an … more
Part 1 of 12 ARE YOU ABLE TO ANSWER THESE QUESTIONS BELOW? ·  Am I aware that more than 6 out of 10 Americans die without a will? · Do I understand the importance of a … more
Part 1 of 11 • Do I know that trusts can help avoid probate and transfer my assets imme­diately to my heirs? • Am I aware that trusts are an excellent way to protect my wishes in … more
Part 5 of 11 What Are The Major Advantages Of The Revocable Living Trust? In addition to avoiding the costs of probate, a living trust affords many advan­tages to both the trustor and his … more
Part 4 of 11 How Do You Create A Revocable Living Trust? In every trust document there are three principles: 1. The trustor, or grantor, is the person or persons who created the trust and … more
Part 3 of 11 What Is A Trust? In general, a trust is a legal relationship, represented by a legal document, in which one person (or qualified trust company), the trustee, holds property for the … more
Part 2 of 11 By taking some simple steps now, you can spare your family a lot of time and money. How much? Probate court proceedings after a death can drag on for a year and cost tens of thousands … more
Part 9 of 11  What Is a Testamentary Trust?          A testamentary trust is a provision in a will that appoints a trustee to manage the assets of the … more
    Although there are many types of Irrevocable Trusts, the topic is very complicated, (information gathered from Investorpedia) so I thought I would inform you this week and next … more
As we begin this New Year, 2021, I would again like to introduce myself and this series which will appear for the next 52 Fridays. I am a retired professor for the State University of New York … more
Part 6 of 11 What Are The Disadvantages Of The Living Trust? Although you do not have to go through the costly process of probate, the living trust is not without disadvantages, which include … more
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