Trusts

All Trusts Articles

Being a "Prudent Investor": A Trustee's Duty

As a trustee handling other people's money, you need an investment plan that complies with both the trust document and state law.

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What is a Bypass Trust?

Bypass trusts are used by wealthy couples to avoid paying the federal estate tax.

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What Is an Express Trust?

An express trust is simply a trust that is created on purpose, and not imposed by a court.

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Trust Beneficiary Notice Requirements: The Trustee's Legal Duty

It's the trustee's responsibility to keep beneficiaries informed about what's going on with the trust. Here's how to keep trust beneficiaries in the l...

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Should You Serve as Trustee?

If someone's asked you to serve as a trustee, you don't have to accept the job. Before you do, here's information that can help you make the right dec...

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Spendthrift Provisions in a Trust

A "spendthrift trust" is designed to protect a beneficiary who would, without oversight, quickly spend or lose any inheritance.

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Terminating (Closing) a Living Trust

The trustee can terminate a living trust in just a few months. Here's what is involved of the process.

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Payment for Serving as Trustee

Being a trustee can involve a lot of work. Depending on the type of trust - living trust vs. long-term trust - there may be ongoing responsibility, so...

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Why Create an Irrevocable Trust?

Why would anyone make a trust they couldn't revoke? Typically, wealthy people create these trusts to shield their assets from taxes.

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Do You Need a Living Trust or Other Type of Trust?

Depending on the specifics of your life and family situation, a trust - living or other - may be a good idea. Here is an overview of what a living tru...

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Trusts for Children

Parents or grandparents typically set up trusts for children. These trusts often last for years, and put a heavy responsibility on the trustee.

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What is a Testamentary Trust?

Testamentary trusts, or trusts created by will, are often used to manage assets left to children or to adults who have a hard time managing money.

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How a Special Needs Trust Works

Special needs trusts can be crucial in making sure that a beneficiary with a disability can both inherit from family and stay eligible for important g...

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What Does an Irrevocable Life Insurance Trust Do?

Irrevocable life insurance trusts do one thing: own a life insurance policy so that the proceeds won't be subject to estate tax.

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What Property is in the Living Trust?

If you're administering a living trust, first you need to find out what property was actually held in the trust.

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The 'Executor' of a Trust - The Trustee

The person who serves as the "executor" of a living trust is called the successor trustee.

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What is a Living Trust?

Revocable living trusts, created to avoid the expense and delay of probate, are the most common kind of trust.

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Online Living Trust: Creating Your Own Living Trust

Living trusts are becoming more and more common, specifically as a way to avoid having your home and other valuable assets held up in probate. Learn a...

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Living Trusts for Married and Unmarried Couples

Most couples will want one shared living trust, but occasionally individual trusts make sense.

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Distributions From a Living Trust

Your beneficiaries are spelled out in your living trust.

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Transferring Property to Your Living Trust

Your living trust won't do you any good until you transfer your property into it.

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The Anatomy of a Living Trust

What is a living trust, really?

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Living Trusts vs. Wills

Both a living trust and a will serve to transfer property after we pass away, but they work very differently.

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