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There is no need to have both. But it is very common to have a testamentary trust for tax reasons and to provide for minors.

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12y ago

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What is the timing of a trust disbursement after death?

Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.


Im a beneficiary on a living trust. Do I pay for the survey of the house or does the estate pay?

You need to review the provisions of the trust document.You need to review the provisions of the trust document.You need to review the provisions of the trust document.You need to review the provisions of the trust document.


Can a trust property be sold is there a grant of probate issued?

If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.


How does a person develop trust?

to develop trust you need to be close to a person, you need to know them well enough to understand what they are like, and you need to know that they trust you also.


Can one lose trust income if they remarry?

You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.


Can a beneficiary of a trust be bought out and if so does a buy out agreement need to be recorded?

You need to review the provisions of the trust to determine if the trust allows a "beneficiary buy-out".


Can an irrevocable trust be changed if one of the beneficiaries demonstrates abandonment and severs all ties with the creator of the trust before his death without knowing the worth of the trust?

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Is a beneficiary required to accept any form of payment the trustee mandates from an trust?

You need to review the terms of the particular trust to determine how the beneficiaries are to be paid.You need to review the terms of the particular trust to determine how the beneficiaries are to be paid.You need to review the terms of the particular trust to determine how the beneficiaries are to be paid.You need to review the terms of the particular trust to determine how the beneficiaries are to be paid.


Do you need to trust your teenage boys?

The best policy is "trust but verify".


How do you break a trust?

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How can a home in a trust be removed by a trustor and put in the Trustor and Trustee name?

You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.You need to review the terms of the particular trust. Each trust is unique and contains all the provisions of the trust and all the powers of the trustee. You need to check to see if the trustee has the power to execute a deed to transfer the real estate.


My mom died last year. We never had a funeral service. Wasn't the trustee supposed to handle the funeral?

You need to review the trust to determine what the trustee was supposed to do.You need to review the trust to determine what the trustee was supposed to do.You need to review the trust to determine what the trustee was supposed to do.You need to review the trust to determine what the trustee was supposed to do.