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Should I have conversations with the people that I am planning to put into my trust?

It usually comes down to children and many people completing this process are doing it when their children are older. It is also important to do it even when children younger for guardianships and supervision reasons.

Ultimately, you don’t have to tell your children what you’ve done. It is a case-by-case situation on whether or not you share the information with them. Sometimes it is a good idea not to because if you tell your children, “Hey, I’m going to make Johnny the trustee and not Susie”, and Susie was expecting it to be her, it is probably better to just find out later. But sometimes letting them know now, “Hey, I did that because Susie, you’re a missionary in Zimbabwe, and Johnny lives down the street. It’s not because we don’t like you.” It really depends on the situation.

  • Does transferring a property into a living trust protect me from creditors or lawsuits?

    Unfortunately, transferring a property to a living trust does not protect you. One of the advantages of a living trust is that you can change it. The reason you can […]

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  • Can I do my estate planning through LegalZoom?

    What is the difference between me handling things myself using LegalZoom vs. coming here and working with you? As a person who is a do-it-yourselfer, I understand the urgent desire […]

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  • How long does the estate planning process take?

    How long is the estate planning process and how does it work? It usually takes on or off, about three weeks. There are exceptions, such as an emergency process where […]

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