Trusts are frequently used in estate planning because of their flexibility and because of the numerous and varied estate planning goals that can be served using a trust. The Trustee of a trust is responsible for administering the trust as well as managing and investing trust assets. Whether you are planning to incorporate a trust […]
Trust
Trust Creation Tips: What You Need to Know
Important Trust Creation Tips Although a Last Will and Testament remains the most common estate planning document, trusts are also a popular addition to the average estate plan. If you are contemplating the addition of a trust to your estate plan, the most important step you can take to ensure the success of your trust […]
What Is Involved in Administering a Trust?
Ideally, when a trust is created, the trust creator discusses the position with the person they intend to appoint as the Trustee before making that appointment. Sometimes, however, that does not happen. If you recently learned that you were appointed to be the Trustee of a trust, you may have questions. The Bellevue trust attorneys […]
Tax Benefits of a Family Trust
As you consider the benefits of creating a family trust, at some point you will want to focus on the tax implications. Did you know that trust assets are not taxed unless they earn income? Did you know that trust income is typically taxed in the same manner as personal income? Although this may be […]
Living Trust in Bellevue: How to Choose a Trustee
If you are interested in creating a living trust, one of the most important questions to answer is this: who are you going to name as your successor trustee? In short, this person takes over your trust after your death or if you become incapacitated. This is a big decision, so you should consider all […]
