How is Trust Better Than Will?

Wills and Trusts are the estate planning documents. These are the assets passed on to the beneficiaries at death. But, there are several advantages to using a Trust over a Will. Here are Few ways in which a Trust is better than a Will to Pass your Estate to your Beneficiaries: A Trust can be used to Avoid Probate. Probate...

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What is Banking and Finance Law?

The banking and financial industries are comprehensively regulated by both state and federal law. These laws enforce reporting requirements for banks and other financial institutions, govern securities and other transactions, and regulate taxes. Apart from affecting banks, banking and finance law often plays a large role in mergers and acquisitions of corporations, stock purchases. Also, investments by both individuals and...

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Know About Estate Planning and Probate Administration

Estate planning and probate administration is crucial; it not only keeps your assets safe but rightfully transfers it to the entitled heir.  Do I need a will? When you ask this question to an estate planning lawyer, a general response received by people is that, it depends. On a general note, one should have an updated will, as well as...

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A Brief on Estate Planning for U.S Citizens Staying Overseas

In case you have used a U.S revocable trust as part of your estate plan, and now live abroad, you should seek the help of a legal advisor as there could be negative effects. Certain primary issues that may impact the use of a U.S will in a foreign country needs to be looked into, such as:- You must check...

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All about Living Trust You Need to Know

Living Trust is a written agreement describing someone responsible to manage your property. It is revocable because you can change or dissolve the trust at any time at your own discretion for any reason. Generally, a trust may involve three parties - the creator, the trustee or trustees who agree to manage your assets and the beneficiaries. A trustee will...

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