Tag Archives: Living Trusts

Does a revocable trust replace a will? Do all assets have to go into the revocable trust? And how much do trustees typically get paid?

Living or revocable trusts are effective estate planning tools that can avoid the hassle and cost of probate and ease the transition of assets after the death of a grantor. Clients often think that because their trust contains some, if not all, of their assets, that they only need a living trust to direct...
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Can unmarried companions use a living trust to manage their joint estate planning?

Yes, in fact only the provisions of a valid will or trust, or ownership interests that are either conveyable or payable on death will work for your joint estate planning because in the absence of such planning provisions, your partner will inherit nothing from you by operation of law.   AND BEWARE if you establish a...
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