There are a variety of trusts, and each one has a different intent. In simple terms, a trust holds assets for a beneficiary, and it is a financial arrangement among the beneficiary, the trustor and the trustee. The trustor is the party that creates the trust, while...
Month: December 2021
Common challenges in a gray divorce
A lengthy marriage may prove more challenging to end. The longer the relationship, the trickier a divorce. A gray divorce occurs when spouses over 50 decide to split. People approaching retirement account for the largest number of divorce filings. The road through a...
What should I know about irrevocable trusts?
Proper estate planning can help protect your assets from situations that might deprive you of them, such as a divorce settlement. If you own assets that the state of California considers marital property, your spouse will have an entitlement to some of them. However,...
