According to literature, the “seven deadly sins” are lust, gluttony, greed, laziness, wrath, envy and pride. Although individuals may be guilty of these from time to time, other types of “sins” can be fatal to an estate plan if you’re not careful. Here are four transgressions to avoid. Sin #1: You don’t update beneficiary forms.
probate
Dec 1, 2020
Apr 11, 2019
Properly funding your revocable trust is the key to unlocking its benefits
- By Ellenbogen
- Estate, Trusts
- 0 Comments
If your estate plan includes a revocable trust (also known as a “living” trust), it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including probate avoidance. But these benefits aren’t available if you don’t fund the trust. Funding a living trust is a simple matter of transferring ownership of