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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.

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13y ago

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Are living trusts revocable?

Yes, revocable living trusts have become a viable alternative to the traditional wills in many States . These trusts are favored because they allow you to have more control over your estate when you live and after your death.


What is the difference between a living trust and other trusts?

A living trust can be modified while the person is still a live. Other forrms of trusts do not allow them to be modified.


Where can I get information online regarding A-B trusts?

You can get information about AB trusts online at a number of websites. I recommend that you go to http://www.nolo.com/legal-encyclopedia/article-29621.html, http://www.finweb.com/retirement/ab-trusts.html, http://www.legalzoom.com/living-trusts-guide/a-b-living-trusts.html and http://estate.findlaw.com/estate-planning/trusts/trusts-ab-trusts.html.


Do I need a living trust?

If you are already writing a living will so you don't have to worry about your estate in the future it is a good idea to write a living trust as well. For more information about living trust http://www.legalzoom.com/living-trusts/living-trusts-overview.html and scroll down to where it talks about living trust.


What has the author John R Cohan written?

John R. Cohan has written: 'Drafting California Inter Vivos Trusts' 'Drafting California irrevocable inter vivos trusts' -- subject(s): Living trusts


What are the different types of trust accounts available for managing assets and funds?

The different types of trust accounts available for managing assets and funds include revocable trusts, irrevocable trusts, living trusts, testamentary trusts, and special needs trusts. Each type has specific features and benefits depending on the individual's needs and goals.


Where can I find information on living trusts in Michigan?

An excellent source for information on living trusts in Michigan can be found at Nupp Legal's website at http://www.nupplegal.com/livingtrust-michigan.html. If you are looking for documentation that you can print out immediately I recommend www.createmylivingtrust.com. You can find information on living trusts in Michigan at http://www.michigan.gov/ag/0,1607,7-164-17334_18156-44727--,00.html. This website is published by the Office of the Attorney General.


What has the author Ronald Farrington Sharp written?

Ronald Farrington Sharp has written: 'Living trusts for everyone' -- subject(s): Estate planning, Living trusts 'Winning the divorce war' -- subject(s): Popular works, Divorce suits


Where is the form for the irrevocable trust Is the living trust the same as an irrevocable trust?

The biggest difference between the trusts is that the Living Trust is revocable and can be changed over time. For detailed information visit: http://www.ultratrust.com/revocable-trusts-vs-irrevocable-trusts.html


Is there a way around probate court?

Establish Living Trusts. Also: See below link:


What has the author Louis Austin written?

Louis Austin has written: 'The Living Trust Alternative' -- subject(s): Living trusts, Popular works


What are the different types of trusts?

There are several types of trusts, including revocable trusts, which can be altered or revoked by the grantor during their lifetime, and irrevocable trusts, which cannot be changed once established. Other types include living trusts, created during the grantor's lifetime; testamentary trusts, set up through a will and activated upon death; and special needs trusts, designed to benefit individuals with disabilities without affecting their eligibility for government assistance. Additionally, charitable trusts are established to benefit a charitable organization or purpose. Each type serves specific purposes in estate planning and asset management.