Once you have signed your living trust document, the next step is to change titles and beneficiary designations to your trust. This is called “funding” your living trust.
Fearing that their children might blow their legacies, more parents are shunning lump-sum payments to kids turning 21. How to set up a smart trust.
Trust-Owned Life Insurance: The CPA’s Role.
Thanks to the generous $5 million exemption for individuals who pass away in 2011 or 2012, the assets of relatively few people in the United States will be exposed to the federal estate tax over the next few years.
A trust is an agreement that describes how assets will be managed and held for the benefit of another person.
Carol Carr was trying to end the suffering of her sons, who were 42 and 41 years old, when she shot and killed them at a Georgia nursing home last month.
Trusts are a valuable tool, but they may not be for everyone. It pays to know the ins and outs before you put your trust in a trust.