Now, let’s look at each trust type in the context of some real-world asset management scenarios. As mentioned earlier, both revocable and irrevocable trusts can help you achieve this goal.

Putting your home in a trust can protect your assets while you’re alive and make the ownership transfer easier after your ...

Dear Quentin, I’m considering marriage in the mid-60s. Even with a prenup and separate finances, I’m concerned about the ...

Here are six simple steps to help you get started: Decide on the type of trust. Choose between a revocable vs irrevocable trust, depending on your needs. A revocable trust allows you to change ...

The following deed transactions were recorded in January 2025 in Seneca County: Jill L. Reed to Joseph C. Mikula and Jill L. Reed, Covert, $0. Barrett Family Trust and Curtis Frank Barrett to Adam ...

A revocable trust, on the other hand, can be changed or amended at any time. However, it doesn’t offer creditor protection. An irrevocable trust comes with certain tax benefits and asset ...

Typically the settlor of a revocable living trust is also the initial trustee until they either resign or are unable to manage the affairs of the trust due to incapacity or death.  While the ...

Here are six simple steps to help you get started: Unlike a revocable trust, an irrevocable living trust cannot be modified once established. Since the assets are no longer in the grantor's ...

The following deed transactions were recorded in January 2025 in Yates County: Lee Michael and Christina A. Morehouse to Mitchell Morehouse and Amanda Morehouse as Trustees of the Lee Michael and ...

Staying within those limits when transferring money to a trust can help minimize estate taxes. Revocable vs. irrevocable trusts There are two main types of trust (either revocable or irrevocable ...