Unlike a will, a living trust can also provide substantial protections for yourself and beneficiaries in the event of mental or physical incapacity. A living trust lawyer can include provisions that protect the trust maker’s (yourself) assets if the trust maker becomes mentally or physically...
What is an asset protection trust? Functionally an asset protection trust is similar to any other type of trust. Like other trusts, an asset protection trust requires the following elements: a grantor (the person establishing the trust); the trustee (the person responsible for managing the trust);...
What is inheritance law?Inheritance law involves the rules governing how property will be passed along from a decedent (a person who has died) to survivors (persons selected by the decedent to receive their property upon death). Inheritance laws not only state what is required for...
What is a revocable trust?A revocable trust, more commonly known as a revocable living trust, is an estate planning tool in which the person creating the trust (the grantor) places assets in trust for the benefit of the grantor or other beneficiaries such as friends...
The role of a Living Trust Attorney What is a living trust? A living trust, is a legal instrument that places your assets into a trust during your lifetime. Under this arrangement, you would serve as both persons establishing the trust (trust maker) and the trustee (supervisor...
