Do You Need A Trust Creation Attorney?
After the death or incapacity of a loved one, you may be feeling quickly overwhelmed by the responsibilities you agreed to take on. If one of those duties includes administrating a revocable trust, you have good reason to feel some stress. The job of a trustee is...
So you recently found out that you have been named trustee to a loved one's trust. You don't think this is a big deal and that trust administration just means having your name on a legal document. However, this idea is absolutely incorrect.As someone named trustee you...
A trust is a very useful estate planning document. First, estate planners can use a trust to render the probate process unnecessary for their estates. Second, trusts can be used to clearly outline who will receive specific assets, when and over what period of time....
Our furry little friends are often the best friends we will ever have in this life, and that is why we treat them so well. However, as we grow older -- and even for people who are not of retirement age -- we begin to wonder if our pets might outlive us. This raises a...
Life insurance is a common estate planning product owned by California residents. It provides estate planners with the peace of mind of knowing that their loved ones will be cared for in the event of their deaths. Life insurance can be used to support a family after...
When an individual dies, a lot of steps will need to be taken by the personal representative, executor or administrator of the deceased individual's estate. This article will list the steps that generally will need to be taken if you happen to be serving one of these...
When you are beginning to set up an estate plan, one of the terms that may come up is a charitable remainder trust. This type of trust allows the owner to convert highly appreciated securities or real estate into income for a lifetime or for a number of years. This...
Testamentary trusts are some of the most common kinds of trusts in estate planning, and for a very good reason. These trusts offer estate planners numerous tax-related and other benefits. Best of all, they are fairly inexpensive to create.A testamentary trust comes...
A living trust, or a revocable living trust, is not all that different from a will. However, it does do some things that it is impossible for a will to do. Specifically, the trust can be utilized before you pass away, whereas a will does not kick in until your...
Trusts separate income from principal, allowing the trust instructions to distinguish between the two. This means that the trustor can instruct the fiduciary to distribute all income from the trust to a specific person and only distribute principal in certain...