I do not have my Revocable Trust set up yet because I have yet to purchase your Accumulation and Preservation of Wealth program. So my question is on the IRS form 2553, Part 1, Section J: Can I put (My Name), Living Revocable Trust if I haven’t
Question: Do I have to file the Trust with the Secretary of State for it to be immediately protected or effective? Answer: A living revocable trust is not recorded to make it “valid,” “legal,” or “effective” in any way. Once the trust is properly signed, it will be effective. Of course, its effectiveness in avoiding […]
Question: Do I have to file the Trust with the Secretary of State for it to be immediately protected or effective? Answer: A living revocable trust is not recorded to make it “valid,” “legal,” or “effective” in any way. Once the trust is properly signed, it will
Absolutely! Your business may be your most valuable asset. Many advisors kind of forget about the business when they are putting a living trust in place for a client. If the business isn’t “owned” by the living trust it will be in the probate estate after you die. Probating a business is really bad. The […]
