Most people interested in planning their estate have at least heard of a Living Trust. It’s difficult to avoid hearing or reading anything about them today because of their popularity in estate planning. If you Google anything about estate plans, it will not be long before you read something about Living Trusts. However, just knowing that they exist is not enough. You need to know what they are and how you can use them.
A Living Trust is an entity you create during your lifetime that you place assets in and that are held for the benefit of someone other than the Trust itself. They can be revocable or irrevocable. Trusts can be used for many different purposes. You can use a Living Trust to avoid having your estate go through Probate. You can use a Trust to protect an heir’s inheritance from his or her creditors.
If you have questions about Living Trusts, we’d love to answer them for you at a free seminar. We will be in Bettendorf at the Lodge onTuesday, Sep. 11 at 2 p.m.to talk about Living Trusts and answer your questions. We will also be in Maquoketa onWednesday, September 12 at 2 p.m. at the Comfort Inn. Finally, we will be in DavenportThursday, September 13 at 2 p.m. at the Best Western Steeplegate and again in Eldridge at 7 p.m. at the Quality Inn and Suites.Call our office 563-445-7400 or visit www.https://www.duffylawoffice.com/ for times and locations, and to register.