Month: March 2015

Testamentary Trusts are trusts that are in a Last Will and Testament.  These Trusts have Settlors (who set up the Trusts by writing them in their Wills), Trustees (who manage the Trusts after the Testator passes away and the estate has been administered) and...

Irrevocable Trusts may be used for estate planning or long term care planning purposes to protect assets. Irrevocable Trusts, like Revocable Living Trusts, have Settlors (who set up the trust), Trustees (who manage it) and beneficiaries (who receive benefits from...

Revocable Living Trusts may hold assets during your lifetime so that you or someone else can manage them. Revocable Living Trusts have Settlors (who set up the trust), Trustees (who manage it) and beneficiaries (who receive benefits from it). These Trusts are often...

Trusts are separate legal entities set up to handle one's affairs and to hold assets. Trusts may be prepared as part of estate planning. Every trust has a Settlor or Grantor (the person or person setting up the trust), a Trustee (the person or persons managing and...