Currently viewing the tag: "trust instrument"

In Trusts We Trust: Day 55

February 3, 2012 by admin

Totten Trust Totten Trusts were named after a famous case in 1904 that established the ability to designate a beneficiary on an account and have the account paid to the beneficiary upon death.  This kind of arrangement is also known as Transfer on Death or Pay on Death (“TOD” or “POD.”) A Totten Trust is […]

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In Trusts We Trust: Day 45

January 20, 2012 by admin

Qualified Terminable Interest Property Trust  (“QTIP Trust”) A Qualified Terminable Interest Property Trust—also known as a QTIP Trust—is a type of trust that enables the grantor to provide for a surviving spouse while still maintaining control of the way in which the trust’s assets are distributed once the surviving spouse passes away. The QTIP trust […]

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In Trusts We Trust: Day 23

December 21, 2011 by admin

Express Trusts When a person uses the term “Trust,” what they are typically referring to is an Express Trust. An Express Trust is a deliberately created legal tool that is executed by a grantor to exercise his powers of ownership over his assets.  An Express Trust refers to Trusts that are specifically created by the […]

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