Alpharetta Trusts Attorney
The most basic way to understand a trust is the analogy of a “box”, A trust is a legal document that builds a “box” which can hold certain of your things (i.e. assets) such as home(s), cars, money.
The “box” is then watched over by someone you appoint in the document, i.e. Trustee. The trustee watches over whatever things that are in the box for the benefit of others.
Trusts can be confusing, but they can be an important part of your estate plan.
Want to learn more about how Trusts can help you protect your family?
Beneficiary designations v. Your will. Can your beneficiary designations change what you have in your will? NO. Can your will change your beneficiary designations? NO. When you die, you cannot own anything. That is the general way to approach how you pass on your...