Legal Trusts

To most, a living trust--more formally known as a Revocable Living Trust or a Family Trust--is much like a will. Unlike a will, assets are transferred into the living trust in a manner called...

A Durable Power of Attorney is a document that gives a person written permission to act on another's behalf in a business or legal transaction. It is frequently used by members of the military and...

A living trust can ensure that your family members avoid estate taxes and can allow you to retain maximum control of your assets. Although most people creating a living trust have their documents...

There are two standards to consider with regards to an irrevocable trust. The IRS has the stricter standard: they consider any trust in which the grantor retains any meaningful control of or...

In Australia, trusts are often created to shelter the assets of the trust creator (the "Settlor") from creditors and taxes or to distribute assets after the Settlor's death. The discretionary...

An irrevocable trust is one that cannot be revoked or amended by the person who creates the trust, or the grantor. These trusts are taxed as separate entities and at a fairly high rate, so it's...

A living trust is created by a written document that places your property into a trust. This trust becomes effective immediately upon the creation of the trust itself. The trust document specifies...

Express trusts are formed with a document explaining the features of the trust. All discretionary trusts are express trusts. Like other trusts, a discretionary trust involves the donation of...

Family trusts may be either revocable or irrevocable. This designation is established when the trust is created. Revocable trust can be terminated at any time at the request of the grantor, or the...

A family trust is normally created for the purpose of shielding the creator's (the settlor's) assets from creditors and taxes. It is not difficult to create, but certain rules must be observed...