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where do I look to find out more about revocable trusts?
You can find more information about revocable trusts online through sites like www.legalzoom.com. You should, though, consult a trusts and estates attorney for the most up to date rules and regulations regarding trusts.
What has the author Turner George M written?
Turner George M. has written: 'Revocable trusts' -- subject(s): Revocable trusts, Estate planning
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
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.
Are revocable trusts a matter of public record?
Revocable and irrevocable trusts become a public record only if they have been recorded in the land records because they hold title to real property.
Where can I find information on revocable trusts in lay language?
As http://www.investopedia.com/articles/pf/06/revocablelivingtrust.asp explains, a revocable trust is an important financial decision. More information the process, in relatively simple terms, is available at the above link.
Can a Revocable Trust be a guarantor?
Generally, lenders do not favor trusts as guarantors.
Do revocable trusts earn interest?
Revocable trusts themselves do not earn interest; rather, the assets held within a revocable trust can generate interest, dividends, or other income, depending on the type of investments included in the trust. For example, if the trust holds cash in a savings account, it may earn interest from that account. The income generated is typically reported on the grantor’s personal tax return since the trust is revocable and the grantor retains control over the assets.
Are trusts a matter of public record?
Revocable and irrevocable trusts become a public record only if they have been recorded in the land records because they hold title to real property.
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.
Can a revocable trust be sued?
Yes, a revocable trust can be sued if it holds assets that are subject to legal claims. Creditors or claimants may be able to pursue assets within the trust to satisfy debts or liabilities. However, revocable trusts can offer certain protections and may help safeguard assets from potential lawsuits.
Where can I find information about available revocable trust's?
If you have came into a large inheritance you can find out information to put it into a revocable trust by going to a bank or ever on some very helpful websites.
