A Quick Introduction to Trusts - You may be thinking of creating a trust to help manage your assets — or maybe you don't even know how a trust could help. Here is a basic overview of trusts: A trust is created by you, the grantor. You write the rules governing how the trust will operate — what it …
Trustee
Do You Need a Will and a Trust?
Everyone wants to protect their families, even after they pass from this world. That’s the purpose of estate plans. But how do you know whether all of the elements of a good plan are in place? Do you need a will and a trust? The first step is understanding the difference between a will and a …
Don’t Make These Trust Errors
Trusts can be used as an asset protection tool and to help your beneficiaries avoid the cost and expense of probate. Trusts transfer legal ownership of assets to a trustee. The property is deeded in the name of the trust and the trustee is tasked with administering it as the grantor specifies. There …
Trustee’s Duty to Notify on Death
Trustee’s Duty to Notify on Death Trustee’s Duty to Notify on Death - THE RIGHT TO BE INFORMED OF EVENTS. Because trusts are not filed or recorded with any government agency, laws have been established to make sure that heirs and trust beneficiaries have some way to find out about a trust and …
Who Makes Decisions for You When You’re Gone?
Who Makes Decisions for You When You're Gone? It's unpleasant to contemplate, but you might not be in a condition to refuse to be revived or resuscitated. You may want to live, but can't manage your affairs. The courts have ruled that all mentally competent adults have the right to refuse medical …
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