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 …
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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 …
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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 …
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How to Decide if You Need a Trust and Estates Attorney
Do it yourself wills and estate planning documents are available on the internet and in your local office supply store. However, before you decide to purchase these resources it is important that you understand whether your interests would be better served by hiring an attorney to draft the documents for you. Factors to Consider Before you make the decision about whether or not to …
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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 …
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