Estate Planning

Estate Planning
Eric Gros-Dubois

A tweet, a tweet! A Lady Bird Deed!

A lady bird deed (called an enhanced life estate deed in Florida) is a relatively new form of deed that—like a traditional life estate deed—allows property to pass automatically to one or more designated recipients at death, without the need for probate. 

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Estate Planning
Eric Gros-Dubois

Life Insurance Trust… in Layman’s Terms!

A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets or income for the benefit of beneficiaries. Similar to a life insurance there are three parties to a trust. The settlor, the person or entity who creates the trust and usually transfer the property into the trust; the trustee, the person who holds and manages that property for the benefit of the beneficiary; and the beneficiary, the person who receives the benefit of such property.

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The Entrepreneur's Handbook

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