Trust Beneficiary

The concept of a trust originated in the English legal system and is now widely recognized internationally. Trusts have considerable flexibility in the types of assets they can manage and how those assets can be disposed of. Once the legal threshold for the creation of a trust is met, trusts usually offer tax advantages and... more »

Named for Clifford Crummey, the Crummey trust is meant to help parents save for their child's college education. The trust works when a parent, grandparent, friend or relative contributes to a trust in the form of a gift. The beneficiary is then given the opportunity to withdraw the gift or allow it to stay in the trust and be... more »

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 involves three legal parties: the trustor, the trustee and the beneficiary. The trustor is the person who creates the trust by placing the... more »

You looked at a gorgeous piece of oceanfront property in Mexico and you're hooked. Your dream of retiring by the beach is about to come true. But there are things you need to know when entering into a contract. Before signing the purchase/sell agreement, make sure you understand how you will hold title to your piece of Mexican paradise. more »

Revocable trusts are usually entered into to keep part of the grantor's property out of probate and thereby avoid excess costs and delays in the distribution of property when the grantor dies. They are nearly impossible to challenge while the grantor is still alive, becuase the trust assets are still legally treated as if they were... more »