Currently viewing the tag: "wills and trusts"

In Trusts We Trust: Day 52

February 1, 2012 by admin

Standby Trust A Standby Trust is an investment plan created by the owner of the trust and carried out by the executor of the trust at the direction of the creator.  The trust is created during the lifetime of the creator and then is carried out per the creator’s directions at the time of his […]

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In Trusts We Trust: Day 50

January 28, 2012 by admin

Special Power of Appointment Trust A Special Power of Appointment Trust is a trust where the donee can only choose appointees from a certain class of people.  The appointees can be over only certain parts of the property or over the entire trust.  In a Special Power of Appointment Trust, the donee can’t appoint themselves […]

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In Trusts We Trust: Day 36

January 9, 2012 by admin

Incentive Trusts, Day One What separates an Incentive Trust from any other type of Trust arrangement is that the beneficiaries must adhere to specific requirements set out by the grantor in order to receive assets from the trust. Sure, like all Trusts, an Incentive Trust is a legally-binding legal tool in which a designated trustee […]

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In Trusts We Trust: Day 34

January 6, 2012 by admin

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 33

January 5, 2012 by admin

Implied Trust An Implied Trust is a Trust that arises by inference; the trustor’s intentions are speculated upon, and using the trustors conduct, actions, words, relationships, etc., a conclusion is drawn.  First, however, an intention on behalf of all concerned parties to create a Trust in the first place has to be reasonably proven to […]

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In Trusts We Trust: Day 32

January 3, 2012 by admin

New Year Recap For the past six weeks we’ve been delving deeply into the world of Trusts.  Stick with us in the New Year and you’ll be one of the smartest, most informed people you know! We’re continuing on where we left off; for the next few weeks we’ll continue the series.  In case you’re […]

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In Trusts We Trust: Day 31

December 30, 2011 by admin

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: 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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In Trusts We Trust: Day 22

December 19, 2011 by admin

Dynasty Trusts, Day Six When one is seeking to create a Dynasty Trust, generally that individual is a future-looking in nature. They are looking past their children to their grandchildren, great-grandchildren and beyond.  A person’s potential ability to cause a lasting and positive impact beyond their lifetime alone is very attractive prospect. The Dynasty Trust […]

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In Trusts We Trust: Day 20

December 12, 2011 by admin

Dynasty Trusts, Day Four For the past several days I’ve been covering Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’  Today’s posting will cover the real reason the Dynasty Trusts got their name in the first place! While this may be a “Who is buried in Grant’s tomb?” question, why do […]

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