Currently viewing the tag: "revocable trust"

In Trusts We Trust: Day 48

January 25, 2012 by

Simple Trust A simple trust is a trust where the trustee’s only duty is to distribute the assets to the beneficiaries according to the terms of the trust.  Simple trusts are aptly named, because they are in fact simple trusts to deal with.  They do not include charitable gifts and they do not include assets […]

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In Trusts We Trust: Day 38

January 11, 2012 by

Living Trusts If you were reading the blog a couple of weeks ago, you’ll remember we covered Inter Vivos Trusts.  The phrase “Inter Vivos” is Latin; it means “Between the living.”  In the estate-planning world, Inter Vivos is assigned to gifts that are given during the lifetime of the person giving the gift. Here in […]

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In Trusts We Trust: Day 34

January 6, 2012 by

Irrevocable Trust As you might guess from the name, an Irrevocable Trust is a legal instrument that cannot be altered, changed, modified or revoked after its original execution. In contrast to a Revocable Trust, which can be changed at will, an Irrevocable Trust is iron clad; once the grantor funds assets into the Trust, there […]

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In Trusts We Trust: Day 31

December 30, 2011 by

Inter Vivos Trust The phrase “Inter Vivos” is Latin; it means “Between the living.”  In the estate-planning world, Inter Vivos is assigned to gifts that are given during the lifetime of the person giving the gift. What’s the difference between an Inter Vivos Trust vs. Testamentary Trust?  Inter Vivos Trusts are set up during lifetime, […]

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In Trusts We Trust

November 14, 2011 by

There are literally hundreds of different techniques to protect your assets, starting at stashing your cash under the mattress, and moving on up.  We believe that one of the most financially sound ways to protect your assets is by setting up a Trust. In short, a Trust is essentially a contract between the person who wishes to protect his assets—also known as […]

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I want to share with you about a married couple that had each been previously married before. When they married, they each had several children from their first marriages. They decided to live in the woman’s fully-paid-for home when they married; let’s call the woman Sara. When Sara’s first husband died, he left her not only with […]

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