Your Family Home Should Be in a Trust! 4 Reasons to Make This Smart Move
2. PROTECTION AGAINST INCAPACITY — If you become incapacitated with only a will in place, your family has to petition the court to appoint a conservator to manage your affairs related to homeownership. With a trust, you can appoint someone of your choosing to manage those things. A living trust can also be used to manage, sell, or borrow against your property while you’re incapacitated, unlike a TOD deed. 3. GREATER CONTROL OVER ASSET DISTRIBUTION — You can include specific instructions in a trust’s terms for how and when the assets held by the trust are distributed to a beneficiary. 4. AVOIDING FAMILY CONFLICT — If you leave your home to more than one person using a will, they must agree on what to do with it. This drama can tear your family apart. However, with a living trust, you can pick a neutral third party to decide what happens to the home. The best way to determine whether your estate plan should include a will, a trust, or some combination of the two is to meet with an experienced law firm such as ours. Contact us today to learn more about how we can protect your assets.
Your home is your family’s most treasured asset, so you must ensure it will pass to your heirs efficiently and safely. Putting your home in a trust is often the smartest way to do this. A trust is an agreement between the “Grantor” (the person who puts assets into the trust) and the “Trustee” (the person who agrees to hold those assets) to hold title to assets for the benefit of the “Beneficiary.” When it comes to passing your home to your heirs, the two most commonly used trusts are revocable living trusts (aka living trusts) and irrevocable trusts.
Each of these trust types has pros and cons. However, transferring the legal title of your home into either trust (a move called “funding” your trust) provides important benefits compared to using a will or Transfer on Death (TOD) deed.
1. AVOIDING PROBATE — Assets held in a trust do not have to go through the long, expensive, public, and emotionally draining court process known as probate. Your home will immediately pass to your loved ones upon your death.
Apple Tart With Rosemary and Honey Syrup
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Inspired by: Delicious.com
Level up your dessert game with this unique apple tart! Covered in rosemary-infused honey, this recipe combines the sweet flavors of pink lady apples and the peppery depth of rosemary, all atop a flaky crust.
Ingredients • Frozen puff pastry, thawed • 3 1/2 tbsp unsalted butter, softened • 1 egg yolk • 1/3 cup almond meal • 1 tsp vanilla bean paste
• 3/4 cup runny honey, divided • 2 pink lady apples, very thinly sliced • 1 rosemary sprig, leaves picked
“There is always light. If only we’re brave enough to see it. If only we’re brave enough to be it.”
Directions 1. Preheat oven to 400 F. 2. Roll pastry to a 12-inch-diameter circle, 1/8 inch thick. Place on a tray lined with baking paper. 3. In a bowl, place butter, egg yolk, almond meal, vanilla, and 1/4 cup honey. Beat with a wooden spoon until smooth. 4. Spread over pastry and arrange apple slices on top. Drizzle with 1/4 cup honey. Bake for 20 minutes, until golden and crisp. 5. In a pan over low heat, place rosemary and remaining 1/4 cup honey. Swirl to melt honey. Pour over tart, and enjoy!
–Amanda Gorman
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