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 ...
So, just exactly what is a living trust? Good question.A trust is the legal entity that someone (called a settlor, grantor or trustor) transfers assets to, so that it can be administered by a trustee for someone’s (beneficiary’s) benefit. The settlor, trustee, and beneficiary can ...
A living trust, not to be confused with a living will, is a legal instrument intended to ensure that a person's property is dispersed according to his or her wishes upon death. It may also include one's wishes concerning who should act as a guardian for any minor children. A living ...
What is a living trust? Estate Planning: Any assets a person has at the time of his or her death are considered the estate. To ensure a person's estate is distributed accurately and to the appropriate heirs, people often will create either a will or a living trust. ...
A living trust is also known as "inter vivos trust" which is latin for "between the living" SmartCapitalMind, in your inbox Our latest articles, guides, and more, delivered daily. Subscribe Categories Finance Taxation Marketing HR Accounting ...
Living trusts are a useful estate planning tool – and not just for the wealthy. Learn what a living trust is, its benefits and other important considerations.
What Is Estate Planning? Everything You Need to Know What Is a Settlor of a Trust? What Does the Executor of a Will Get Paid? What Does Per Stirpes Mean in Estate Planning? Using an Intentionally Defective Grantor Trust to Protect Your Assets ...
1:18 Estate Planning Estate planning is the process of figuring out what will happen to your stuff after you die. It’s coming up with a plan for your assets and then writing your plan down in a way that’s legally valid (and that a court would recognize as enforceable)....
Michael Briggs
An inter-vivos trust, or living trust, allows a trustee to manage the assets placed in the trust while the person who made the trust (the trustor) is alive. Often, the trustor names themselves the trustee until they can no longer manage their own affairs