Monthly Archives: February 2018

ASK TOM: What is a Living Trust?

One of the most common questions I hear when people are discussing planning their estate is, “Should I have a living trust?”  My short answer to you is, “Yes.”  In general, but not always, the approach for people who own their home and have some is investments is, “Yes.”  I will explain why, but first let’s look at the two other ways to leave the estate. The property passes by will. The property passes by its title terms, for example if the home is in joint tenancy, it passes to the surviving joint tenant, if any. The property passes without...Read More