A resulting
trust is a somewhat complicated trust which is not formed pursuant to a formal
trust document; rather, a resulting trust is an implied t...
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Asset protection planning involves figuring out and applying a
lawful series of techniques that protect your assets from claims of
future creditors....
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Asset
protection trusts are estate planning mechanisms which allow for individuals to
keep their property and assets protected from liability, bankr...
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When ownership of certain assets is transferred to a trustee, a trust
has been created. The assets, which are to be left to the selected
beneficiari...
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A
charitable trust is a trust which contains assets or property which is for the
benefit of a charitable purpose.
Frequently, the charitable trus...
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A
constructive trust is no one which arises by an actual trust document; rather,
the trust arises by court intervention.
The trust will be found by...
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Sweeping changes were made to
the tax laws by the Economic Growth and Tax Relief Reconciliation Act
of 2001. In addition to the many income...
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An express trust is a trust which
has been created pursuant to the legal formalities of the jurisdiction where
the trust is established. Generally...
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An implied trust is one which is
not expressly stated; rather, the implied trust arises because the court
provides the trust as a remedy. This
ty...
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An
inter vivos trust is a trust which is created during the lifetime of the person
who establishes the trust, also referred to as a “testator.” ...
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An irrevocable trust is one which
cannot be changed or terminated unless the beneficiary of the trust grants
permission to do so. Therefore, once th...
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A real estate investment trust is
a type of security that is sold like a stock on the stock exchange. Therefore,
it is possible to buy shares direct...
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A revocable
living trust is a trust which is created during the lifetime of the person who
establishes the trust, also referred to as a “testator....
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ADVANTAGE The primary advantage a special needs trust offers
over a direct gift or inheritance is that, if arranged properly, the
assets in the trus...
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A spendthrift trust is a trust
which is created for another person. The person creating the trust is called
the “settlor,” while the person who ...
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A
totten trust is an informal trust which arises where a person, known as a
“settlor,” establishes a bank account or security for another...
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Trusts can be very difficult & complicated let a trust attorney
consult you. Trusts come in a variety of forms and can be established
in many di...
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A trust is defined as a legal arrangement where property is
managed by an appointed person for another person. The person who creates the
trust is k...
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Although not as popular as creating a will, creating a trust as part of an overall estate planning strategy is becoming more and more commonplace due ...
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A trust is an important legal document that many people
create during their lifetime but is not as vital of a document as a will is.
Wills detail ho...
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