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trust law Tag

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...

Before we answer that question, we first want to ask another question: Do you need a Will? Most people would say that yes, they need a Will. Well, a Living Trust is simply a Will that is more comprehensive and flexible. The average cost of...

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...