An asset protection trust is a contract between the person protecting
his or her assets (grantor) and the person designated to manage these assets
(...
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Grantors, or
persons who wish to establish a trust, typically use charitable trusts when
their desire is to make a large charitable gift, or to tran...
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Every person should create a will during their lifetime because it will
make it easier for the heirs to distribute the deceased’s property and plan...
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A
constructive trust is established when a person takes title to property that
rightfully belongs to another person; that person has a duty to trans...
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Creating a trust is not as important as creating a will during a
person’s lifetime but it can be helpful for a variety of reasons including
privac...
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Express trusts
are created by a settlor, or the person making the trust, taking some
intentional action to do so. In most
cases, an express trust...
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Implied
trusts are created by operation of law, or without any sort of intentional act
by the settlor, or the person establishing the trust. A com...
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An inter
vivos trust is also commonly referred to as a living trust. This type of trust begins during the life of
the grantor, or the person who i...
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A grantor, or
the person who wishes to establish a trust, creates an irrevocable trust when
he or she executes a trust document that is permanent in...
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A life insurance trust is often times a good way to avoid some of the
estate tax owed once a person dies. Setting up an irrevocable life
insurance...
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A trust is created when ownership, of certain assets, is transferred to
a trustee. The trustee is in place to manage the assets for the beneficiary
...
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Because malpractice and liability insurance costs are so high -- and
lawsuits so common -- some people (lawyers, doctors, architects,
entrepreneurs,...
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Real estate
investment trusts, also referred to as “REITS”, are entities that invest in
different types of real estate.
Typically, REITS inve...
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A resulting
trust is created by operation of law, usually when an express trust fails. For instance, if a settler, or the person who
creates a tru...
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A revocable
living trust is a common method of avoiding the probate of one’s assets after
death. By transferring assets to a
trust, a grantor, ...
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A special
needs trust permits a grantor, or the person establishing and funding the
trust, to provide for the needs of a disabled person without hav...
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A spendthrift trust is
specifically designed to benefit one or more beneficiaries, while at the same
time protecting the trust’s assets, and/or th...
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A Totten trust, which is also
commonly referred to as a “Payable on Death” account, is a type of trust where
money or assets are held in a bank ...
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A trust is a legal arrangement where property is managed by an
appointed person for another person. The trust is created by a settlor, who
then entr...
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Wills and Trust Attorneys, Lawyers and Law Firms help people create and revise:
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