What Is the Difference Between a Revocable and Irrevocable Trust?
First, a trust is a separate legal entity that is set up to hold assets during a person's lifetime that allows a third party (or trustee), to hold assets on…
First, a trust is a separate legal entity that is set up to hold assets during a person's lifetime that allows a third party (or trustee), to hold assets on…
What Is a Revocable Living Trust in California? A California revocable living trust is a legal contract that allows individuals to continue to own and control their property while they…
Types of Trustees A trustee typically manages the assets of a trust. However, other common types of trustees include: Successor trustees: These trustees step manage revocable living trusts when the…
First-Party and Third-Party Trusts When speaking of special needs trusts (SNT), there are basically two types: A “self-settled” or “first-party” trust; andA “third-party” or “third-party supplemental needs” trust. A “first-party”…
What Is a Trust? A trust is an arrangement for your property consisting of an original owner (also known as a grantor, trustor, or settlor) of a property (i.e. bank…
What Does a Probate Attorney Do? Probate attorneys can take on the role of administrators, representatives, or executors of estates and if an executor of a will is already appointed,…
Once a person dies and their last will and testament is examined to begin the process of distributing assets among the beneficiaries, the estate may be subject to hefty taxes…
A trust fund is one of the many tools of estate planning, the main purpose of which is to help you transfer funds, assets or property to family members, loved…
A trust fund is an independent legal entity and commonly used as an estate planning tool to control the distribution of someone's assets after they die or become incapacitated. A…