Some individuals who decide to use incentive trusts are interested in promoting "moral" behavior.
Estate planning is one of the most important legal actions you can take in life. Despite the importance millions of people fail to plan their estate before it's too late. That's why so many people pass away without a will, leaving their assets to be divided by the courts. Today, we will discuss the reasons why it is important to have an estate plan in place in Jackson, New Jersey.
If you choose to leave your assets and wealth in the form of a trust when you pass on, you may be able to protect it and keep it private. Many people create a trust before dying, and all their assets go into the trust upon death. Specific instructions are written up about how the wealth should be distributed, and they must be followed. The person or people receiving the benefits of the trust are called trustees.