Jun 182013
 
IRA Trust-The Secret That Very Few Know About

The purpose of any trust is to protect assets and wealth and to provide administration and distribution to the beneficiaries. An IRA Trust is no different. An IRA Trust deals specifically with IRAs and can be drawn by the “grantor,” or the individual who created the trust. An IRA Trust is not like a Revocable Living Trust, which concentrates on averting probate and placing assets squarely into the hands of the name beneficiaries upon the death of the grantor. An IRA Trust should be set up as part of a comprehensive estate plan. If you have over $100,000 in an More…

Jun 062013
 
Free Gun Trust!

Last month, Ourednik Law Offices offered a free gun trust with a revocable living trust package. We were pleased at the response and since the need is so obvious, we’ve decided to extend it until the end of June. A gun trust eliminates the need to register Class 3 weapons by using the grantors, or individuals who set up the trust, as the legal owners. The gun trust has a trustee who is responsible for, and possesses the weapons. As many beneficiaries can be named as desired by the grantors, and the beneficiaries can be any age. One of the big advantages More…