Family Law
Family Law
LIVING TRUST LESSON I
01. What is a living trust?
02. What can a living trust do for me?
03. Should everyone have a living trust?
04. How could a living trust be helpful if I become incapacitated?
05. How could a living trust be helpful at my death?
06. Who should be the trustee of my living trust?
07. How are my assets put into the living trust?
08. What are the disadvantages of a living trust?
09. If I have a living trust, do I still need a will?
10. Will a living trust help reduce the estate taxes?
11. Will I have to file an income tax return for my living trust?
12. What other estate planning documents should I have?
13. What other kinds of trusts are there?
14. Who should draft a living trust for me?
15. Should I beware of "promoters" of financial and estate planning services?
16. How much does a living trust cost?
17. How do I find a qualified lawyer?
LIVING TRUST LESSON II
Over the last two decades, the popularity of Living Trusts has skyrocketed. No longer a tool just for the rich, Living Trusts are one of the most common estate planning tools in use today.
This legal arrangement, found on this website creates a separate entity called a Living Trust. A Living Trust is called that simply because it is created while you're alive (as opposed to a "testamentary" trust created after death).e Parties Involved
The Living Trust document itself names three different parties. The individual (or couple) that establishes the Trust is named the Grantor (also referred to as the Trustor).
DISSOLUTION CHECKLIST