Estate Planning and Wills

Having a Trust or Not

What Happens if I have a Trust? If the trust is properly created and your property is properly transferred into the trust, the trust will continue after your death until such time as the trust terminates. This is usually provided for in the trust, and in very general terms, the trust usually specifies for its termination after the property in the trust is fully distributed.

What Happens if I have a Will?

Generally, you can provide specific instructions on how you wish your property to be divided. One of the main rules however, is that you must own the asset in order to exert complete control over its distribution.

Are Living Wills Valid?

Many states recognize that their residents can make valid Living Wills. However, understand that Living Wills that are valid in your state may not be valid in every state. You should always consult an attorney to prepare documents that will be valid in your state. Contact member services to be connected to a local attorney to help you.

What is a Trust?

Legally, a trust can be defined as a legal instrument that creates an entity, whose identity is legally separate from that of the creator. Usually a party who creates a trust, the Trustor, transfers title to some or all of his/her property, in trust, to another person, the Trustee, to be held for the benefit of either the Trustor or one or more third parties, known as beneficiaries.

Designating Your Agent in Your Living Will

Quite simply, medical treatment decisions are not always easy. Such decisions almost always involve different amounts of information or knowledge, and often involve weighing the important facts of different sides of an issue. While creating a living will documents your wishes, you must also consider the person acting on your behalf.

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