Trusts

What Is A Trust?
A trust is a fictitious legal entity that owns assets for the benefit of a third person (beneficiary). The Grantor of the Trust is the person who set up and gave money to the Trust. The Trustee of … more
What Is The Qtip Trust?
QTIP trust stands for the qualified terminable interest property trust. It allows certain property to qualify for an estate and gift tax marital deduction even though it ordinarily would not … more
What Is A Totten Trust?
Setting up a Totten Trust is as simple as going to a bank and opening a Trust account by yourself. A Totten Trust is best for amounts of about $20,000 or less. Larger amounts could present … more

Living Trusts
Living trusts have grown in popularity over the last two decades. A living trust (or an inter vivos trust) is a common estate planning tool as well as a tool to manage a person’s assets while they are alive. As its name suggests it is a type of trust created during one's lifetime and is managed for the benefit of the person who creates it. The participants in a trust … more
How to Make Medical Decisions When You are Unconscious
Most of us worry about what would happen to us if we got sick or hurt and we were not able to make our own medical decisions. We worry about losing control and not being able to communicate our consent to various medical interventions. We worry that our children will not be able to agree on the best course of treatment for us. A living will is designed to help you plan for just such … more

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