Author name: austin

An irrevocable trust is an estate planning tool where the grantor transfers assets into a trust and relinquishes control over them permanently. Unlike a revocable trust, an irrevocable trust cannot be altered or revoked without the consent of the beneficiaries or a court order. This structure provides strong asset protection and potential tax benefits. Key

A revocable trust, also known as a living trust, is an estate planning tool that allows an individual (the grantor) to place assets into a trust while retaining the ability to modify, amend, or revoke it during their lifetime. This flexibility makes it a popular choice for many individuals looking to manage their assets efficiently

Estate planning is one of the most important steps you can take to protect your family’s future, but it can also be a challenging topic to discuss with adult children and other loved ones. Many people hesitate to bring up their estate plan due to concerns about family conflict, discomfort around financial matters, or the

For business owners, estate planning isn’t just about personal assets—it’s also about ensuring a smooth transition for their company. Whether you plan to pass your business to family members, sell it, or establish a succession strategy, an effective estate plan is crucial. Here’s how to prepare for your company’s transition with the help of an

For residents of Davidson, Cornelius, Huntersville, Mooresville, North Charlotte, and the greater Lake Norman area, understanding the probate process is essential to effective estate planning. At Forbes Law Firm, we are committed to guiding our clients through the complexities of probate, ensuring peace of mind for families during challenging times. Here’s what you need to