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 tr...
Trusts
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....
Who should have a trust?
Who should have a trust?...
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. ...
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 ...
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....
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....
What is a Crummey trust?
Crummey is the name of a taxpayer who succeeded getting an annual exclusion by establishing a trust containing withdrawal rights for the benefit of minor children. A Crummey trust is a special form of...
What is involved in trustee resignation?
Trustee resignation should usually occur according to the terms of the trust. Other times, a trustee resignation form may be used. It is important that a trustee who wishes to withdraw properly do so ...
How do I put property into a living trust?
Living trusts are legally-designed instruments meant to remove ownership from the creator of the trust, thus helping them avoid probate court proceedings. In order for a living trust to be considered ...
How do I set up a trust for my grandchildren?
If your grandchildren are minors then they have to have a Trustee who will manage the assets for them and distribute funds to the children's caretakers for the reasons you specify in the Trust. ...
What protection is available with a revocable living trust?
A revocable living trust is a vehicle that is very helpful in avoiding probate. During your lifetime, you can transfer ownership of your assets to a revocable trust so that the assets are owned by the...
What is a Medicaid trust?
While modern medicine provides frequent breakthroughs for disabled patients, a long-term disability can be very costly for an estate. In fact, many modern couples may spend down their entire estate pa...
Special Needs Trusts Overview
To qualify for most government programs, there are strict limits on the special needs individual's income and assets. Inherited assets are counted when looking at what assets are available to a specia...
What is a special trust?
A special trust requires the trustee to actively execute the settlor's instructions. These actions to execute a special trust can include selling the trust property and using the proceeds to pay off d...
What is a unit trust?
Unit trusts are created with both wealth management and estate planning in mind. A unit trust is not actually a “trust” at all, but rather a form of mutual fund. A unit trust differs from a regula...
What is a bypass trust?
A bypass trust is a trust designed to contain property that bypasses the surviving spouse's estate thereby avoiding inclusion in that later estate. Bypass trusts are especially useful for spouses with...
Administering a Living Trust
The simple answer to this question is: very carefully. As trustee/administrator to a living trust, you are considered liable for any substantial damage to the trust. Ideally, the grantor kept a trust ...
Resulting Trusts
It's always the goal of the court to follow the wishes of the deceased person, so resulting trusts are a very common occurrence. The first, and most common way a resulting trust occurs is when a trust...
How to Revoke Your Living Trust
Although a revocable trust, or living trust, makes the process sound simple, you may not know exactly what you need to do to dissolve or revoke your living trust. ...
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