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Yes. A person can have any number of trusts for various purposes and for various beneficiaries.
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∙ 15y ago
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Does a new living trust superseed an old living trust?
Not necessarily. Sometimes people have more than one living trust. It depends on what the new trust says and how your assets are titled. Consult an attorney.
Living Trust Amendment?
Should one place regular savings in revocable trust?
The purpose of a living trust is to avoid probate when you die. This can only occur if your assets are titled in the name of your revocable living trust. Therefore, as a general rule, all of your assets should be retitled in the name of your living trust with two exceptions. Read more at http://sandiegoestateplanningblog.blogspot.com/2010/02/should-one-place-regular-savings-in.html
What is the maximum amount you can put into a living trust?
In the United States, there is no legal limit to the amount one may contribute to a living trust. However, there are costly fees associated with the administration of a living trust.
How and what are living trusts?
People have mixed opinions on whether or not to get a living trust. You can find out lots of information online about if a living trust is right for you and how to get one set up. One website to give you information is savewealth.com.
Can you give a user on WikiAnswers more than 1 trust point?
One Time OnlyNo, you cannot. You can only give each contributor one trust point.
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