When planning your estate, you should understand different trust options available, such as testamentary trusts and living trusts. A testamentary trust is created through a will and only becomes ...

Revocable living trusts are often the core estate planning vehicle for the basic estate plan. Generally, revocable living trusts are touted as an incredibly versatile estate planning tool, which ...

Probate, which is the process of transferring your assets after you’ve died, can be time-consuming and expensive. Kelsey Simasko — attorney at Simasko Law in Mount Clements, Michigan — explained that ...

Trusts are described in multiple ways, including: living or testamentary, revocable or irrevocable and grantor or non-grantor. These terms are not always mutually exclusive. A trust can be living, ...

A living trust, also called a revocable trust, is a widely used estate planning tool that allows individuals to manage and control their assets during their lifetime and determine how those assets ...

A living trust is a legal agreement that allows you, the grantor, to control how your assets are managed and distributed during your lifetime and after your death. This legal document includes a ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

As trusted advisors to your clients, you likely field questions about estate planning strategies and whether living trusts make sense for their situations. Understanding the fundamentals of revocable ...

A living trust often allows you to forego the probate process, which can be time-consuming. There is more privacy involved with a living trust than with a will. Creating a will can be a more ...

My husband has a trust from his parents. We also have created a revocable trust for our daughter in the hopes of passing our home on to her. Is it possible to fold my husband's trust into our daughter ...

A living trust is also known as a revocable trust. A living trust typically involve the creator of the trust remaining actively involved in be maintained while active, which can add costs if you use ...