Currently viewing the tag: "testamentary trust"

In Trusts We Trust: Day 54

February 2, 2012 by

Testamentary Trust A Testamentary Trust is typically put in place for children so that when a parent dies, an appointed trustee will make sure money from things such as life insurance policies, etc are distributed to them correctly. The trustee will be responsible for the trust and distributing funds until the trust expires which is […]

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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 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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