Frequently Asked Questions > Living Trusts (10 entries)
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Living trusts have become popular alternatives to traditional wills as estate planning documents. Determining if a living trust is the best solution for you depends on your circumstances.
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A trust is a legal device used for the management of property. In a trust, legal title to the property -- the right to manage the property -- is held ...
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In a typical case, the creator of the trust -- called the settlor or trustor -- names himself or herself as the initial trustee and the initial beneficiary. Thus, the ...
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A will is a legal document that becomes effective at your death and specifies how your property is to be disposed of. To be effective, a will must be acknowledged ...
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Revocable living trusts are marketed in many states as a great way to avoid probate—especially in states with complicated administration procedures. In many states, estates are put through court-supervised administrations ...
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It depends. Living trusts are more complicated than wills and typically cost more. (They also require the consumer to do more things, such as change ownership of property into ...
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Your lawyer should evaluate your particular situation to determine if a living trust is right for you. Be careful if the lawyer you consult never uses living trusts or always ...
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The traditional and most common method of estate planning involves a will and various disability documents. One advantage of a living trust is its usefulness in the event of incapacity. ...
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Maybe so, maybe not. It is likely to have some effect, but it might not work the way you intend. Wills are complex documents that should be prepared by ...
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Living trust scams are widespread. The scams often operate at two levels -- (1) the seller charges the consumer for the plan, which may be packaged well (leather-bound folder, lots ...
