What do you need to start a trust?
You will need to decide on who will be the trustee, this trustee is in charge of the assets of the trust. Determine who the beneficiaries will be, and decide what you will put in your trust. Create a trust document and then execute it.
What is the difference between a trust and a will?
The main difference between a will and a trust is that a will goes into effect only when you pass away, while a trust takes effect as soon as you create it.
What can you all put on a will and in a trust?
You can put numerous items in a will and a trust. The main ones are as follows: real estates, vehicles, saving accounts, investment accounts, life insurance proceeds, stocks and bonds.
Can you handle starting a will and trust without legal assistance?
Without legal assistance you are unlikely to have the best will and trust advice. Make sure to contact a sales consultant from Michael Krawitz today for the most effective outcome.