funding a living trust Tag Archives

17 Aug Do You Need a Trust if You Have Beneficiaries?

Posted at 08:09h in Living Trusts by Phelps LaClair Law

Do you need a trust if you have beneficiaries? This is one of the most common questions in estate planning today. While naming beneficiaries on your accounts is an important first step, it doesn’t always guarantee that your assets will be distributed according to your...

Here are some tips on how to keep yourself and your loved ones safe during the scorching summer heat in Arizona

18 May Funding a Living Trust in Phoenix & Scottsdale AZ

Posted at 15:34h in Estate Planning, IRA Inheritance Trust, Living Trusts by Phelps LaClair Law

You’ve begun taking steps toward planning your estate. And rather than creating a will, you’ve decided to establish a trust fund, which, if funded properly, will enable your assets to be privately distributed to your loved ones without the delay or expense of probate court....

Yes, a trust can own an LLC. In fact, it's often a smart move to put your LLC in a trust—here's why.

29 Aug Can a Trust Own an LLC?

Posted at 10:23h in Asset Protection, LLCs by Phelps LaClair Law

Yes, a trust can own an LLC. In fact, placing your LLC in a trust is often a smart move. When you put your LLC in a trust, you can combine the protections that both entities offer. For example, an LLC will keep your personal assets...

In this guide, we answer the most frequently asked questions about inherited 401K accounts and how your 401K fits into estate planning.

24 May Your 401K and Your Estate Plan

Posted at 09:57h in Estate Planning, Retirement Planning by Phelps LaClair Law

Choosing a beneficiary for your 401K is an important decision. Even though retirement accounts do not have to go through probate, they can still be subject to taxes and fees. And when it comes to inheriting a 401K account, different rules apply for charities, spouses,...

Setting up a trust fund can help secure your child’s financial future and give you more control over when and how their inheritance will be distributed. We explain how to set up a trust in this step-by-step guide.

09 Jan How to Set Up a Trust for Your Child in 5 Steps

Posted at 09:07h in Estate Planning, Living Trusts by Phelps LaClair Law

You don’t have to be rich to set up a trust fund for your child. In fact, it’s a move every parent should make. Setting up a trust fund can help secure your child’s financial future by protecting their inheritance from taxes, probate, and creditors....

funding your trust - two women looking at tablet

15 Dec How to Fund Your Living Trust

Posted at 18:40h in Estate Planning, Living Trusts by Phelps LaClair Law

There’s one crucial step that many people skip after signing their trust document—actually funding the trust. If you forget to complete this step, your assets will remain subject to probate and be vulnerable to creditors after you’re gone. No matter how detailed the instructions you...

05 Sep What Does it Mean to Fund a Living Trust?

Posted at 13:32h in Living Trusts by Phelps LaClair Law

Have you recently created a living trust? That’s fantastic! Trusts are wonderful tools for protecting estate assets like bank accounts, money market accounts, properties, businesses, cars, boats, and more. Another big benefit of living trusts is that they keep your estate out of probate court....

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