People are generally familiar and comfortable with LLCs, and they often miss out on the benefits of a land trust just because of lack of familiarity. This articles compares the two entities side-by-side, showing the similarities and differences.
I have always been fond of trusts generally and, when it comes to real estate investment, a land trust can be an ideal solution in many situations. The only drawback I have run into is that a lot of people are unfamiliar with trusts and it takes a good deal of explaining to get them to the necessary comfort level. READ FULL POST
Transferring assets to a trust is a simple and cost-effective way to protect assets and plan your estate.
Most people are unaware of the valuable tool a trust can be for estate planning and asset protection.
The will-trust combo is a standard technique in estate planning because it is an effective, convenient and cost-efficient means to your goals.
We all have a tendency to put off thinking about our own demise. It usually takes some kind of prompt to get us to take the time – and pay the money – to have a will drafted. That prompt may come in the form of the birth of child or development of health issues. Those are common reasons people start thinking about their last will and testament, but are they the only reasons?