Trusts & Estate Law

Regardless of how much or how little property you own, if you have children under the age of eighteen, single mothers need a living trust and will. Without them, your children's fate will be in...

A living trust, also called a revocable trust, is a legal document specifying to whom and how an individual's property and assets are to be distributed after death. An executor, usually called a...

Basic living trusts are easy to set up, especially if you have a good form from which to start. The essential aspects of a trust include naming a trustee, naming one or more beneficiaries and...

The trustee is the person designated to oversee all aspects of a trust. Upon the death of the trustee, immediate steps are taken to ensure the proper management of the trust. This includes the...

A beneficiary of a family trust enjoys certain rights. These rights are established by the probate code, the set of statutes governing estate-related matters including family trusts. They are also...

Trust law permits individuals and families to allow others to benefit from property without having control over how it is managed, a situation that is helpful to those who don't trust the...

A family trust and a marital trust are very similar. Both allow one person, either a spouse or other family member, to share the benefits of property ownership with the other spouse or other...

An irrevocable trust is a legal tool you can use as part of an estate plan to handle your property both in life and at your death. Although the details can vary from state to state, the law...

A living trust is an excellent means of avoiding probate and saving ones survivors much heartache and money upon ones death. It is a private document, entered into by a trustor and trustee to hold...

A trust is a valuable legal tool that should be a part of nearly everyone's estate plan. A trust provides significant benefits, including avoiding probate and providing for the professional...

An irrevocable living trust is a specific type of living trust. An irrevocable living trust can provide significant benefits, but it also requires the person creating the trust to give up control...

Living trusts, also called inter vivos trusts, are one of the most popular ways to transfer property. But this doesn't mean they're universally well understood. Probate avoidance is the usual...

A living trust is a key part of a good estate plan. An estate plan is a collection of legal documents that will provide for your property when you die, and also will provide for you and your...

A family trust is a specific type of trust that generally refers to one created for more than one member of the same family, such as multiple children or siblings. Technically, there is nothing...

A living trust is a relationship between at least two people. It is used as a part of estate planning, principally to avoid the costs and delays of probate. A living trust is a way for an...

Estate planning is a very important responsibility. Therefore, if you are at the juncture in your life at which you are undertaking estate planning, you need to engage the services of a qualified...

A will and a living trust work hand in hand, and both are essential pieces of most good estate plans. Fortunately, you don't have to choose between a living trust and a will. Both serve their own...

People often confuse the terms "living will" and "living trust," thinking they are one and the same. In fact, these are separate documents that are both important pieces of a solid estate plan....

A living trust is a legal vehicle that can help you manage property, avoid probate and potentially reduce your taxes. Technically, a trust is a legal relationship involving three parties, the...

A trust is a legal relationship that you can create to transfer or protect property. A trust always involves at least three parties, including the trustor (the person who creates the trust), the...

A living trust is a three-party legal relationship involving the trustor (the person who creates the trust), the trustee (the person who manages the trust) and one or more beneficiaries (the...

A living trust is a key component of nearly everybody's estate plan. A trust is a legal relationship involving three parties: the trustor, meaning the person who creates the trust; the trustee,...

A trust is a fancy term for a three-party legal relationship. A trust involves the trustor (the person creating the trust), a trustee (the person managing the trust) and one or more beneficiaries...

If you're the creator of the trust, called the settlor or grantor, changing the trustee is fairly simple. After all, one of the primary benefits of a revocable trust is that the settlor can amend,...

Many people, to provide shelter and protection of the wealth and assets of their families, have used the tax benefits of a family trust. A family trust refers to the right of an individual or...

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...

A borrower, or settlor, appoints a trustee as a security on monies borrowed for the purchase of property. This action is performed on behalf of the lender. The trustee holds the title to the...

To protect your family and assets, prepare a living trust, also known as a revocable trust. A living trust is simply an arrangement you prepare in the form of a document while you're still alive,...

There are generally three types of deeds related to trusts. They are the Deed of Trust, the Reconveyance Deed and the Trustee's Deed. Each of these deeds is a part of the terms of the Deed of Trust.

A Trust Deed Sale is also known as a Trust Deed Foreclosure. This happens when a trustor or borrower becomes delinquent and is is unable to bring the loan current during the Notice of Default...

A living trust is a legal mechanism that is usually utilized in estate planning. An experienced estate attorney will be able to direct you as to whether a living trust is appropriate for your...

A living trust is a mechanism through which property and/or assets are managed for estate planning purposes. Generally, a living trust avoids probate (the process by which a last will and...

Living trusts are a popular way to keep your assets out of probate after you die. This can save your heirs time and money, and preserve the privacy of your estate. Drafting a living trust...

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...

A trust is a legal mechanism that is established to contain and own property. A family trust is established to contain a family's assets and is usually used to achieve an estate plan goal or to...

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...

Living trusts are among the most common form of trust established in the United States. Also known by the Latin phrase "inter vivos" (between the living), a living trust can allow the creator...

A trust is a legal creation that helps people manage their property in a way that can save taxes and avoid taxes. A trust can be created by anyone for basically any type of property. A trust...

Most trusts are private express trusts, meaning they are made through a legal document and are not a matter of public record. The person who creates a trust is called a settlor or grantor. The...

Frequently in creating an estate plan a person executes a living trust. A living trust is a legal document which is usually established to avoid taxation and the probate of a will. (Probate is...

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...

One of the most common estate planning strategies is to write a living trust. A living trust is a legal entity which owns property that is controlled by a trustee (usually the person who created...

A revocable living trust is a written agreement in which you transfer ownership of your assets into a trust during your lifetime. In the agreement, you (the "grantor") give an agent (the...

In an irrevocable family trust, the grantor, or the person giving assets to the trust, relinquishes ownership of the property to the irrevocable trust, which serves as its own entity. As implied...

A revocable trust is a type of trust that can be amended or even terminated during the lifetime of the grantor (the "settlor"). In many states, such a trust is presumed to have been created unless...

A power of attorney is a legal document that gives one person (the attorney) the right to act on behalf of another (the principal) in certain situations. A trust is a legal arrangement wherein...

A living trust, also called an inter vivos trust, is a revocable entity that owns assets on behalf of someone else while the creator of the trust is still alive. The primary use of living trusts...

Revocable trusts can generally be modified at any time. For minor alterations to the trust, such as name changes because of marriage or divorce, the original trust can remain in effect and a new...

A living trust is a legal document that governs distribution of personal estate of the grantor (the person, or entity, which the trust is for) to its beneficiaries. It is similar to a will....

A trustee can be replaced only according to rules within the trust or will, and executors are often chosen by the court. Learn when a trustee or executor can be replaced from an estate planning...