Although trusts and other legal documents have generally improved to include more “plain English” rather than complicated legalese, trusts share some common terms and provisions. There are three main ...
Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some ...
Trust funds protect assets from lawsuits, divorce, and creditors by keeping them within the legal entity. Using a trust can reduce estate taxes by lowering the taxable value of your estate. Trusts ...
The revocable living trust is also known as a living trust or inter vivos trust and serves as a flexible estate planning instrument, taking effect immediately after its creation. This means that ...
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After 20 years, my wife’s irrevocable trust was locked when her trustee died. How can we access the account?
Leonard’s wife, Kelly-Anne, has been receiving checks in an irrevocable trust for more than 20 years. When she was a teenager, her mother set up the trust, naming Kelly-Anne’s uncle as the trustee.
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