You Will Need to Fund Your Living Trust A living trust is a legal document that allows you to control how your assets will be managed and distributed after death. You can name a trustee to oversee the trust. A living trust can be revocable or irrevocable. If you...
How are Trust Distributions Made? When the creator of a trust, also known as the grantor, dies, the trust becomes irrevocable, and assets are distributed to beneficiaries. What Is a Beneficiary? Who is the Trustee? A beneficiary is someone who receives assets from a...
A trust is an arrangement in which one person, the trustee, holds legal title to the property for the benefit of another person, the beneficiary. The court must determine whether the trust is marital or nonmarital property in a divorce. If the trust is considered...
A living trust is a legal document that allows you to control how your assets will be managed and distributed after death. It can protect your assets from probate, creditors, and estate taxes. A living trust can also help you avoid probate if you become incapacitated....
The title to this article may sound somewhat silly, however it points to an extremely important factor when considering your future estate planning needs. Whenever you are contemplating planning and drafting of your estate planning documents and related asset...
ALTA Estate Services, LLC October 2021 Blog Article With a living trust and proper and complete estate planning, the grantor (“Trustor”) can set terms for the management and transfer of assets after death. At a second spouse’s death, assets in the living trust can...
