There are two basic types of trusts: living trusts and testamentary trusts. A living trust or an "inter-vivos" trust is set up during the person's lifetime. A Testamentary trust is set up in a ...

One of the most effective ways to protect HNW estates is through the use of different types of trusts, which are legal entities that hold assets for the benefit of designated beneficiaries.

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 ...

Often people fund a living trust with real estate, financial accounts, life insurance, annuity certificates, personal property, business interests and other assets. The most notable types are ...

Living trusts also provide specific directions for ... remove assets or terminate the agreement. This type of trust is especially useful if the grantor becomes unable to manage the assets.

If you transfer your house or stock into a living trust, it is not considered a transfer for tax purposes. The other major type of trust is an irrevocable trust. That means you can’t take your ...

There are two main types of trusts: revocable and irrevocable ... and how those assets will be distributed. Also known as a living trust (because it can be changed), the revocable trust can ...

A revocable living trust (RLT ... Another large difference between the two types of trusts is the tax responsibilities. In a revocable trust, the assets within the trust are still yours, therefore ...

A living trust is a legal arrangement in which you control your assets as long as you're alive. A major benefit to a living trust is avoiding probate. Depending on the assets you have, you may not ...

It is common for my clients to own real property in multiple states. Maybe they are snowbirds with primary residence in Idaho ...

Dear Liz: Is naming a beneficiary for a nonretirement, “payable on death” account as effective as putting the account in a living trust? It seems easier than doing all the paperwork each time ...