Ensuring People Know You Have a Will or Trust—and How Gentreo Can Help
Creating a will or trust is one of the most important steps in estate planning, but it’s just as critical to ensure that the right people know about it. If your loved ones can’t find your documents when needed, your careful planning may be overlooked, leading to delays, disputes, or even the courts deciding how […]
How to Open a Trust Checking Account
A trust checking account is an essential tool for managing the finances and assets of a trust. Whether you’ve created a living trust to protect your estate or are a trustee managing someone else’s assets, a trust checking account offers flexibility and security. Here’s a step-by-step guide on how to open one and how Gentreo […]
Transferring a Property with a Mortgage in a Trust
Estate planning is a critical tool for ensuring that your assets are managed and distributed according to your wishes. One of the most common tools used in estate planning is a trust, which allows you to transfer ownership of your assets to beneficiaries while potentially avoiding probate and often providing more control over how your […]
Estate Planning for Digital Currency – A Guide for Investors
Digital currencies, also known as cryptocurrencies, have become increasingly popular over the past few years, and for many investors, these assets have become an integral part of their financial portfolios. But, like any other valuable asset, it’s important to consider what will happen to your digital currencies when you die. This is where estate planning […]
Breaking Down the Different Parts of a Trust
A Trust is a great estate planning tool that avoids probate when passing property, money, or other assets to a loved one upon your passing. Various components make up a Trust and we’re going to break down those different parts to help you understand exactly how a Trust works. What is a Trust? In basic […]
Checklist: How to Create Your Living Revocable Trust with Gentreo
A Trust is a legal relationship that centers on a document where you transfer the legal ownership of your assets to the trust, under the oversight of a Trustee. Creating and funding a Trust helps avoid probate court and streamline the wealth-transfer process for your heirs. It holds assets, like your home and bank accounts, […]
Gentreo Life Events: What to Do When You Move to a New State
There’s a lot to do when you move to a new state: Finding a new job, buying a new home, getting your kids into a new school. The last thing you may think about is your estate plan. Most people believe it just automatically transfers to wherever they go. That’s not exactly true. Failing to […]
Considering Who to Choose as Beneficiary of Your Estate
Choosing a beneficiary is an important decision that should not be taken lightly. A beneficiary is the person or entity who receives the benefits from a life insurance policy, retirement account, or other asset upon your death. Selecting the right beneficiary is crucial to ensure that your assets are distributed according to your wishes and […]
Out-of-State Assets and Your Estate Plan
Do you own property in another state or in another country? Is it included in your Will or Trust so it would go to those of your choosing when you die? If so, you’re all set, right? Not so fast! That Will or Trust may not have legal standing outside of your state. When it […]
The Tax Implications of Creating a Trust
Taxes. You can’t turn around without being taxed for something. We’re always looking for ways to avoid paying them. Having a Trust, a key component of an estate plan, may provide some tax savings to estates and beneficiaries. Let’s explore the tax implications of creating a Trust. Trusts and Taxes A Trust is a great […]