Trusts
What is a Fiduciary?
A fiduciary is an individual or corporation legally entrusted with the responsibility to manage property for the benefit of another person, referred to as the principal. In the realm of estate and trust management, a fiduciary plays a crucial role in ensuring that the estate or trust is handled appropriately and in the best interest…
Read MoreTop Estate Planning Attorneys in Statesville, NC: Your Guide to Wills and Trusts
When it comes to protecting your assets and securing your family’s future, having a solid estate plan in place is essential. At Crosswhite Law, our experienced estate planning attorneys in Statesville, North Carolina, are here to guide you through the process of creating a comprehensive estate plan that includes wills, trusts, and other important documents.…
Read MoreUnderstanding the Different Types of Trusts
Trusts are essential tools in estate planning, providing flexibility, control, and tax benefits. There are two primary types of trusts based on how they are established: living trusts and testamentary trusts. A living trust is created during the grantor’s lifetime, while a testamentary trust is created but not funded until the grantor passes away. Beyond…
Read MoreDo I Need a Trust?
One of the most common questions in estate planning is, “Do I need a trust?” The answer depends on your unique situation and goals. Everyone should have a will; however, having a trust in addition to a will depends on your individual circumstances. Trusts are more powerful than wills in terms of what they can…
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