Trusts Legal Guides (85 found)

Narrow your search

Sort by  
No photo
Written by Avvo Staff
A revocable living trust can provide security for your heirs as well as flexibility for you in managing your estate.
Samuel Joseph Mamola
Written by Samuel Joseph Mamola
Contributor Level 4

This summary provides a simple description of a Living Trust and how it works.
Stephen Charles Gruber
Written by Stephen Charles Gruber
Contributor Level 4

A living trust can avoid probate and also reduce or eliminate federal estate taxes.
Stephen Charles Gruber
Written by Stephen Charles Gruber
Contributor Level 4

FDIC provides insurance for many types of bank accounts, including trust accounts. This guide tells how to obtain substantial FDIC insurance for trust accounts.
Joshua Thomas Keleske
Written by Joshua Thomas Keleske
Contributor Level 5

Revocable Trusts are a popular, but sometimes misused tool in estate planning. If your circumstances require a Trust in your planning, then its use can be very worthwhile for you and your family.
Peter S. Myers
Written by Peter S. Myers
Contributor Level 3

How Do Trusts Fit Into Estate Planning? Trusts are commonly used because they are an ideal way to control property held by individuals or married persons. By using trusts, the grantors (person who created the trust) decide how they are going to maintain and control of their estate during their life
Kenneth Scott Jacobs
Written by Kenneth Scott Jacobs
Contributor Level 3

A Living Trust is an excellent tool to avoid probate. However, for it to function as intended, it is essential that all significant assets are titled in the name of the trust. In the case of California real estate, this is accomplished by executing and recording a Deed.
Shawn C Newman
Written by Shawn C Newman
Contributor Level 7

The primary function of a Irrevocable Life Insurance Trust (ILIT) is to avoid estate death taxes on the proceeds from the estate of the deceased peron. If not done properly, the life insurance money may be included in the decedent's estate and be taxed as high as 55 percent by the IRS!
Mark David Albertson
Written by Mark David Albertson
Contributor Level 3

When a child is the plaintiff if a personal injury settlement, a number of issues come up, especially if that child is disabled.
John S. Palmer
Written by John S. Palmer
Contributor Level 4

A "Bypass Trust", also known as a "Credit Shelter Trust", is a common type of Trust married couples include in their Wills or Revocable Living Trust to reduce or even eliminate state and federal estate taxes.
Thomas J Bouman
Written by Thomas J Bouman
Contributor Level 4

In general, the need for court involvement is eliminated, although there is still a great amount of work to do when administering a trust. Trust administration is private and usually faster than administering a probate. The complexity is usually proportionate to the size of the estate.
Michael Gary Perdue
Written by Michael Gary Perdue
Contributor Level 3

In California, if you have an estate valued at less than $100,000, you most likely do not need a trust, but if your estate is over that then read on.
John S. Palmer
Written by John S. Palmer
Contributor Level 4

A Revocable Living Trust is similar to a Will in that it provides for the disposition of assets after your death; as with a Will, it may include provisions for minimizing or eliminating estate taxes, and for continuing to hold assets in trust for any minor or incapacitated beneficiaries.
John S. Palmer
Written by John S. Palmer
Contributor Level 4

A Special Needs Trust is designed to accelerate/preserve a disabled beneficiary’s eligibility for Medicaid, SSI, and other government programs; the Trust document can dictate that the Trust funds are to be used to supplement, not replace, any government benefits the beneficiary may receive.
Marco Damian Chayet
Written by Marco Damian Chayet
Contributor Level 3

There are several different types of trusts that can be used to enhance the quality of life for a trust beneficiary with special needs. These trusts generally supplement benefits that the beneficiary receives through public assistance programs, such as Supplemental Security Income (SSI).
No photo
Written by Deborah Ann Malkin
Contributor Level 4

Special Needs Trusts How to help someone who has a physical or mental disability
Elizabeth Ann Perry
Written by Elizabeth Ann Perry
Contributor Level 3

Frequently asked questions about Revocable Living Trusts
James Arthur Gorton
Written by James Arthur Gorton
Contributor Level 5

A trust may be thought of as a legal entity, much like a corporation or partnership, and is capable of owning property. The person placed in charge of the property is called the trustee. Generally, when you create a living trust, you act as the initial trustee of your trust, keeping full control.
Darlynn Campbell Morgan
Written by Darlynn Campbell Morgan
Contributor Level 4

Before you hire a will, trust or estate planning lawyer, there are 5 things you’re going to want to know before engaging them to help you plan for the well‐being of your money, your family and your life.
Darlynn Campbell Morgan
Written by Darlynn Campbell Morgan
Contributor Level 4

I am often asked: “Do I really need a Lawyer, or can I do it myself?” or "should I LegalZoom?" The truth of the matter is that oftentimes creating your own legal documents provides a false sense of security and the problem is only discovered when it's too late to do anything about it.

Ask a Question

Get free answers from real lawyers.