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What Are Trusts

 

 

Trusts Law

Trusts are written instruments that give title to or an interest in real estate. A trustee holds title on behalf of the lender, known as the beneficiary who is the legal owner.The two main kinds of trusts are living trusts and testamentary trusts.

A Living Trust is a trust that is created and goes into effect during the lifetime of the grantor.

A Testamentary Trust is a trust that is set into motion by the court after the will reaches a certain point of execution, and is used only after the death of the person whose estate it represents.

Many trusts are created as an alternative to or in conjunction with a will and other elements of estate planning. State law establishes the framework for determining the validity and limits for both.

Our expert attorneys specializing in Wills and Trusts can assist you in both composing and executing any kind of trust.

Issues and topics dealing with Trusts include:

  • Charitable Trusts
  • Living Wills
  • Probate Law
  • Testamentary Trust
  • Living Trust

More kinds of Trusts include:

  • Charitable Trusts
  • Unit Trusts
  • Income Trusts
  • Energy Trusts
  • Property Trusts
  • Offshore Trusts
  • Oil Trusts
  • Real Estate Trusts
  • Family Trusts
  • Royalty Trusts
  • Investment Trusts
  • Taxation Trusts
  • Special Needs Trusts
  • Life Insurance Trusts
  • Gas Trusts
  • Secret Trusts
  • Legal Trusts
  • Personal Trusts
  • Asset Protection Trusts
  • Medicaid Trusts
  • Estate Planning Trusts
  • Business Trusts
  • Primary Care Trusts
  • Trusts for Children
  • Coal Trusts

Are you in need of an expert attorney in the field of Wills and Trusts Law? If so, please contact us now and receive a free case evaluation.

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A "Living Trust" can be used to hold legal title to and provide a mechanism to manage your property

You can select a person or or a group of people to serve as the Trustee. They then carry out the instructions you want in the Trust and name one or more Successor Trustees to take over should you no longer be able to. Unlike a Will, a Trust generally goes into effect immediately, functions throughout your lifetime even if you become incapacitated, and continues even after your death. Most Trusts are revocable meaning that the person who creates the Trust can make modifications or terminate the Trust in the future.

 
 

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