Inter Vivos Trusts Intervivos trusts are trusts created while you are still alive. There are many types of intervivos trusts, which avoid probate court and some of which can even help you reduce and avoid estate taxes. → Read More
Irrevocable Trusts An irrevocable trust is one that can not be changed or terminated after it has been established. The person creating the trust no longer has rights in use of funds or assets of the trust. Irrevocable trusts are generally used for tax purposes. This article will explain more about uses of irrevocable trusts, how they are different from revocable trusts, and when and how to set one up. → Read More
What is a trust agreement or a declaration of trust? These two terms refer to a written document that sets forth the terms and conditions of the trust. The differences between them are largely matters of style and local practice. → Read More
Types of Special Needs Trusts: Who Can Set One Up? If you have a disabled relative or close friend, there is some important information you should have regarding Special Needs Trusts. → Read More
How to Fund a Special Needs Trust and How the Money May Be Spent Many different types of resources can be used to fund a Special Needs Trust and there are strict rules regarding the wording of Special Needs Trusts that have to do with how the money may and may not be spent. → Read More
What are some of the different forms of trusts? There are many different types of trusts available when you plan your estate. Use the information in this article to get a basic understanding of your options before you form a trust. → Read More
Who are the parties to a trust? A trust is a legally created entity designed for the protection, growth, and distribution of assets. There are three different roles in a trust, with nearly endless combinations of trust parties. A trust can be created by one person or many, it can be run by anyone the founders choose, and it can benefit a specific person or group of people. Each role in a trust comes with different responsibilities and expectations that must be followed in order for the trust to succeed. → Read More
How long does it take to settle a trust and what can be done if it’s taking too long? How long it takes to settle a trust after the creator or grantor dies depends on what needs to be done. It usually takes a few months, but it could take much longer. If the trustee has to value and sell numerous assets, if creditors have made demands on the trust, or if there is a complicated tax situation, the process can take some time. → Read More
When a Person Dies without a Will in California: How the Assets are Distributed and to Whom If you want your property to go to certain individuals or groups after your death, (relatives, friends, charitable organizations), it is very important to make a Will. Without a Will, you are said to have died intestate. → Read More
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