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What is a Trust? A trust is like a legal vehicle created by a grantor who places the assets in the trust in the care of a trustee. It is…
When an estate owner dies the job of a trustee begins. A trustee is usually charged with managing and protecting assets placed in a trust by its owner. So in…
A trust is a document that can be used for asset transfer, probate avoidance and tax planning. There are two basic types of trusts namely a revocable trust and an…
Totten trust is a type of trust that allows a grantor place funds into an account for a named beneficiary to get it after his or her death. A named…
Anyone who has in-depth knowledge of what a Totten trust is, knows quite well that it is the best way to avoid probate. If peradventure you are planning your estate…
Will and trust are the two most common documents in estate planning. However, the term will and trust are often confused but they are really very different. It is important…
Trusts come in different forms but there are two major classification or types of trusts. A trust could either be revocable or irrevocable. As the name implies, the former can…
A minor child is one under 18 years of age. By law, any child under 18 cannot inherit property bequeathed to him or her whether or not there is a…
A will is a document created by a testator, which clearly states his desires concerning the distribution of his assets after his passing away. In effect, a will is dormant…
As people get old, they begin to have concerns regarding how their hard-earned assets will be taken care of when they die. As vile as the thought is, everyone must…
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