living trust


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Related to living trust: living will, Irrevocable trust
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Noun1.living trust - a trust created and operating during the grantor's lifetime
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"
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Hanks, an attorney and specialist in estate planning, trust, and probate law, and Zolla, an estate attorney who practices in estate planning and administration, offer a guide for those administering a living trust. It explains fiduciary duty; working with beneficiaries; what to do in the first few months following a death; dealing with assets not in the trust; life insurance, retirement plans, and other assets outside the trust; getting help with organizing personal property, legal advice, appraisals, taxes, investing, and other tasks; managing ongoing trusts; investing trust assets; dealing with taxes; trust accountings; and terminating the trust.
Cotter, Living Trust, Ellen Marie Cotter, Margaret Cotter, Petitioners, vs.
Other defendants in the case are his wife, Terry, and the Quinn Living Trust.
Living trust This is a revocable inter vivos (lifetime) trust that the parent can revise or revoke while legally able to do so.
"Understanding Living Trusts" also provides instruction on creating your own personal action plan for having a living trust.
Meruelo, together with Meruelo Investment Partners LLC and Alex Meruelo Living Trust beneficially own approx.
And while most will never resort to a cross-country trip in search of millions, many will make the effort to protect their retirement through a living trust. Credit unions should position themselves to be ready for this opportunity.
Many married couples have turned to a living trust as a way to safeguard the assets they want to pass on to the next generation.
Attendees had many questions including how to potentially disinherit a spouse through a prenuptial agreement to how to plan for an estate with heirs that lived outside of the United States, and if a living trust had value beyond avoiding probate court.
However, Beth has created a living trust and transferred her assets into that trust.