You're contacting media contact of this press release
Title: Mark Fishbein of ALTA Estate Unveils Why Living Trusts Are Essential for Modern Estate Planning: Avoid Probate, Minimize Taxes, and Secure Your Legacy
United States, 5th Sep 2024 - Mark Fishbein, from ALTA Estate, specializes in creating customized estate plans that consider whether a revocable living trust is appropriate for each client. His goal is to give clients peace of mind by overseeing and distributing their estate according to their wishes, with an emphasis on minimizing taxes, avoiding probate, and preserving their legacy for future generations. Mark Fishbein and the ALTA Estate team bring extensive experience and a personalized touch to every facet of estate planning, whether you're interested in setting up a living trust, handling estate taxes, or ensuring your family's future security.What Is a Living Trust?A living trust is a legal structure that allows you to manage your assets during your lifetime and determine how they will be distributed after your death, avoiding the need for probate court. This flexible estate planning tool can adapt to changing circumstances. Unlike a will, a living trust becomes effective while you are still alive, providing immediate benefits.Revocable vs. Irrevocable Living TrustsThe main distinction between a revocable and irrevocable living trust is whether you can change or revoke the trust. A revocable trust allows you to modify its terms or dissolve it during your lifetime, whereas an irrevocable trust, once created, cannot be changed, offering certain tax advantages and protection of assets.The Role of a Trustee in a Living TrustA trustee is responsible for managing the living trust as outlined in the trust agreement. You can act as your own trustee, keeping control of the assets within the trust, or you can appoint someone else, like an individual, bank, or trust company, to manage it on your behalf, particularly if you become incapacitated.How Does a Living Trust Avoid...
This press release is issued by King Newswire