Revocable Living Trust - Hegwood Law Group

What Benefits and Disadvantages Do Trusts Offer in Estate Planning?

A trust is a contract where the grantor (the person who sets up the trust) puts their assets in the trust, and the trustee is in charge of the trust. Most of the time, the grantors and trustees are the…

Your Quick Guide to Trusts and the Benefits of Having One

Many people assume having a last will and testament is the centerpiece of any satisfactory estate plan. While they certainly have their benefits, having a will is far from the only piece of planning to consider. Trusts, in fact, offer…

Don’t Forget to Fund Your Revocable Living Trust

Revocable trusts are a very popular and useful estate planning tool, but the trust will be ineffective or non-existent if you do not actually place your assets in the trust (also referred to as “funding the trust”). Revocable trusts are…

Trusts from A to Z

Many folks assume that trust funds are only for the rich, however, people in all types of economic circumstances may see a benefit from them. A trust fund is a special legal arrangement that lets a benefactor arrange for certain…

Bonehead Mistakes Retirees Need to Avoid

With the excitement of retirement, money can be the last thing you would have on your mind. However, if you have a careless approach to your money, you can be headed for financial pain. Starts at 60 recently published an…

Don’t Be Shy: Talk to Parents About the Future

The challenge of helping aging parents is a most common issue. For example, a man’s father, who recently was diagnosed with dementia, couldn’t remember where his money or financial records were kept. That makes for a gut-wrenching situation, trying to…

An IRA Trust Might Be Preferred Over Naming Individuals or a Revocable Living Trusts as the IRAs Beneficiaries

If you maxed out your work 401(k) by taking advantage of matching funds and rolled this to an IRA when you retired, you might not need all of that money—especially if you are a spouse with a pension and Social…

Tighten Up Those Loose Ends in Your Estate Plan

Loose ends in estate planning can lead to lost opportunities, stress, last-minute fixes or—worst of all—failing to designate money to family, friends and charities. This can have a severe impact on your estate. Kiplinger’s recent article, “5 Simple Steps to…

A Close Look at the Costs for End-of-Life Care

A recent study showed that people in the U.S. fear developing Alzheimer's disease more than any other major life-threatening disease—including cancer, stroke, heart disease and diabetes. It also found if diagnosed with the disease, most have deep concerns about their…

The Importance of Beneficiary Designations

THV11’s recent post, “The importance of beneficiary designations,” explains that designating beneficiaries is a very important part of the proper handling of many documents—like life insurance, retirement accounts, bank accounts and investment accounts. Each of these may ask you to…