TRUST, Which Is Right forMe? DIFFERENT DEVICES FOR DIFFERENT PURPOSES When going through the estate planning process, it’s common to hear about trusts and wills. Both are great for setting up a line of succession for your assets, but they are very different methods that accomplish very different goals. Therefore, it’s important to A will and a trust take effect at different times. A will transfers assets after death. The document names a representative to take action on the deceased’s wishes, and the process will be run through them. A trust, on the other hand, can take effect at any time, as decided by the originator of the trust. This allows assets to be dispersed throughout the owner’s lifetime and beyond. Ownership Wills are owned by the person who drafted the will. This means that all of the assets are owned by the individual until their passing. A trust operates as its own entity of sorts. When assets get put into a trust, the trust then owns them. At this point, all disbursement of assets within the trust will operate from the trustee and be given to the beneficiaries. Privacy One of the biggest differences between trusts and wills is that a will becomes public knowledge once it passes through probate. The court oversees the administration of the will in these filings, and by the nature of the law, this becomes public record. A trust does not require any involvement from the court, which in turn keeps all asset transfers private. Wills and trusts may be different, but that doesn’t mean you’re required to use one or the other. On the contrary, actually. When these two documents are combined, they create one fully functioning, comprehensive approach to estate planning. This is exactly what we provide here at the Keystone Law Firm. Contact us today, and let’s make sure your assets go exactly where you need them to. understand the differences between the two. When It Goes Into Effect
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Recipe:
Pasta With Turkey and Broccoli This simple, delicious recipe only takes 20minutes fromstart to finish. It’s also a great way to encourage kids to eat their broccoli. The next time youmake pasta, leave the canned sauce in the pantry andmake this instead!
Ingredients
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2 cloves garlic, chopped
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3/4 pounds pasta (shells or orecchiette)
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1/2 teaspoon crushed red pepper
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2 cups broccoli florets
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Salt
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3 tablespoons olive oil
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Parmesan cheese
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1 pound ground turkey
Instructions
1. Cook the pasta according to package directions. Add broccoli when pasta is 1 minute from done. Drain both and return to pot. 2. Heat 1 tablespoon olive oil in a skillet over medium-high heat. Add the turkey, garlic, crushed red pepper, and a pinch of salt. Cook while breaking up meat with a wooden spoon for 3–5 minutes. 3. Combine turkey with pasta and broccoli mixture, adding the remaining olive oil as you stir. Serve in bowls topped with Parmesan.
Adapted from delish.com
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