Trusts were first developed centuries ago in England, and virtually all common law legal systems have well-established trust laws on the books. These laws provide a great deal of guidance about what a trustee may and may not do withtrust property. These laws and regulations require the trustee...
Demographers have long noted the increasing percentage of senior citizens in the American population--a percentage that is currently higher than it has ever been, with all expectations that the trend will continue.1 ...
It is said that the only certainties in life are death and taxes, but for legal purposes the language of trusts is also subject to the security of certainty. Indeed, there are three such certainties. Trusts can be contentious, and in order for them to be upheld, there are three certaintie...
“Trusts are the 700-pound gorilla of estate planning and a very important part of many estate plans,” said Leon LaBrecque, consultant and former chief growth officer at Sequoia Financial Group, who is also an attorney and a certified financial planner. “They are a cornerstone of many of...
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Wills and Trusts Settlement agreements Franchise agreements Steps to Create a Legally Binding Document Identify the Purpose and Parties Involved The first step in creating a legally binding agreement is to identify the purpose of the agreement. Identifying the purpose helps to ensure that the parties ...
and their individual statuses. FDIC coverage is $250,000 for arevocable trust, while settlors are alive. After one's death, the beneficiaries are considered individual owners, and each one is covered up to $250,000. Withirrevocable trusts, the trust is also covered for $250,000 during a ...
Voluntary trusts are often used inestate planning. With real estate, the person who controls the real estate property is known as the trustee, while the individual who will receive the property after it is being held is known as thetrustor. The property itself is referred to as the res. ...