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Should I Have A Living Trust?

Posted May 19th, 2008 in Mortgage Loan Insights

Living trusts are a complex personal financial issue that need careful, qualified consideration. Non-Revocable Trusts and Revocable Trusts are different in many ways.

With many Americans vesting title to their real estate in a living trust, and many more considering living trusts for future planning, is a living trust right for you? What are the pros and cons of a living trust as far as taxes and wills go? What are the differences between a “revocable trust” and one that is “non-revocable”?

One of the best articles of information on the topic of living trusts I’ve seen is here. Remember to read the entire article, making notes of any questions, and discuss these with ALL of your financial experts — your accountant, financial planner, and attorney BEFORE committing to a living trust.

And remember, don’t fall for “discount” living trust scams. Take the time and invest your money working with experienced professionals who can help you make the best living trust choices and guide you through the process of living trusts.

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Disclaimer: The advice and opinions expressed herein do not constitute legal advice and are intended for general informational purposes only based on the working experience of the author only. The author is not a licensed attorney. The opinions contained herein are made exclusively by the author and not those of Augusta Financial Inc, it's ownership, management, or other employees. No guarantees as to the validity or legal aspects of the information contained herein are made, express or implied. Accuracy of this information is subject to change per market conditions or the author's experience in the industry. No guarantees are expressed or implied as to the viability of real estate as an investment. Personal credit issues are subjective. Real estate, finance, investment, and landlord-tenant laws and regulations vary state-by-state. You should consult with a licensed real estate attorney in your area for all matters pertaining to the legal aspects of selling, purchasing, financing, investing in, or rental of real estate whenever legal and/or financial implications are (or should be) a consideration. Page copy protected against web site content infringement by Copyscape
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