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People often hear things about living trusts from friends, family members and the media, and just assume they are true without taking the time to check them out. Here are some common misconceptions—and the facts.

Many clients and attorneys now prefer an estate plan that uses a revocable living trust over a will as the primary estate planning document.

What good does it do to build a business if you never know how much is enough, what it will take to sell it, what it will take to keep it running after you retire, how it will provide your retirement, or even what it is worth right now while you are still in charge?

Unfortunately for many injury victims, their personal injury lawyers are fantastic at obtaining great monetary results in the litigation and consulting with them on the value of their case but when it comes time for properly protecting them financially post-settlement or recovery they often fail to offer any advice at all.

Choosing the best form requires consideration of three important factors: Liability insulation, tax treatment, convenience of formation and administration.