you can put together your own living trust. However, consulting with a lawyer doesn’t necessarily mean handing over all of your estate planning if you’d still like to be at the helm; in fact, LegalZoom offers DIY estate plans that include legal advice. ...
A living trust is a trust fund and legal document that secures your assets for a beneficiary until a certain time, such as when you pass away, when the beneficiary reaches a certain age, or another circumstance specific to your needs. You should consider putting a living trust on your ...
A living trust is a legal document that enables you to transfer property at your death without sending it through probate. If you create a living trust, you generally name yourself as the trustee, the person who manages the trust property. You appoint the person or persons to succeed to thi...
A living trust can be a powerful estate planning tool if you’re looking to protect your assets, avoid probate, and ensure a smooth distribution of your property to your loved ones. In this guide, ourTexas estate planning lawyersexplain a living trust and the steps to set one up. We also...
A living will addresses many life-threatening treatments and procedures, such as resuscitation, ventilation, and dialysis. A person can appoint a healthcare proxy to make decisions regarding care when they are unable to do so. A living trust is a legal document that addresses how the assets of...
A revocable trust determines how the grantor's property is managed and distributed both while he is alive and after his death. However, the grantor retains the right to amend or even end (revoke) the trust. However, this type of living trust doesn't protect the assets against the grantor'...
Without a living will in place, your doctors and even your family would have to make their best assessment about the kind of treatment you’ll receive. Although living wills are legal in all states, the execution and implications of a living will can vary depending on the rules and regulatio...
Each state has slightly different regulations for family trusts. It’s important to work with an estate planning attorney or online service to make sure that your trust meets all of the requirements of your state. Your trust documentation will need to be signed by the right people to be valid...
. Both are referred to as"living" trustswhen the grantor creates them during their lifetime. A "testamentary" trust is one that's created after the grantor's death, usually under terms left in a last will. It's irrevocable because the grantor is no longer living to make changes to it...
If you choose a living trust, you’ll also need to decide between creating a revocable or irrevocable trust. With an irrevocable, trust you’ll need the agreement of the beneficiaries as well as the trustees to make any changes, whereas a revocable trust is dissolvable with the issuance of ...