There are a number of different kinds of trusts, but they fall into two basic categories: testamentary and inter vivos.
When you inherit property, such as a house or stocks, the property is usually worth more than it was when the original owner purchased it.
When creating an estate plan, the main decision is how your assets will be distributed after you pass away. Understanding “per stirpes” and “per capita” distribution is key to that decision.
When two or more individuals own property — whether it’s a condominium, a home, or a piece of land — the relationship between the owners is very important.