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.
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.
A living trust can be modified while the person is still a live. Other forrms of trusts do not allow them to be modified.
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.
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.
John R. Cohan has written: 'Drafting California Inter Vivos Trusts' 'Drafting California irrevocable inter vivos trusts' -- subject(s): Living trusts
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.
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
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.
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
Establish Living Trusts. Also: See below link:
Louis Austin has written: 'The Living Trust Alternative' -- subject(s): Living trusts, Popular works
If you have a living trusts and an umbrella insurance policy can the trust be sued in an auto accident.