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The type of family trust you should consider depends on your specific goals and circumstances. A revocable living trust is often recommended for flexibility and control over assets during your lifetime, allowing you to change or revoke it as needed. If asset protection is a priority, an irrevocable trust may be more suitable, as it can shield assets from creditors and reduce estate taxes. Consulting with a financial advisor or estate planning attorney can help you determine the best option for your family’s needs.
What else can I help you with?
Who can you trust in life?
you can always trust and rely on your family because friends leave but family doesn't.but it depends on what kind of friend they are and what kind of friend you are.
Do i need a family trust?
yes of course you need family trust because they are your family they will be there for you no matter what and they will always love you, even when you have annoyed them they will always loved and trust you. family trust is SO important, no relationship is more powerful than your family and when you have a problem you should talk to your family first.
How many trustees should a family trust have?
boo
Is a family trust prepared in Arkansas valid if your family and you change your legal residence to Texas?
You should make arrangements to have the trust reviewed by a Texas attorney who specializes in trust law. Especially if the trust will hold title to real property in Texas.You should make arrangements to have the trust reviewed by a Texas attorney who specializes in trust law. Especially if the trust will hold title to real property in Texas.You should make arrangements to have the trust reviewed by a Texas attorney who specializes in trust law. Especially if the trust will hold title to real property in Texas.You should make arrangements to have the trust reviewed by a Texas attorney who specializes in trust law. Especially if the trust will hold title to real property in Texas.
Can a family member change how the assets of a trust are distributed after they have been and this family member was not named in the trust?
The short answer is no. Only the trustee has the power to deal with the trust property and distribution. The trustee must follow the instructions as they are set forth in the trust instrument. The trust instrument should also provide for how the trust can be amended. If the family member isn't the trustee they have no power to make changes in the distribution unless they were the declarant of the trust and reserved the power to make changes.
What kind of terms generally apply in a revocable trust?
When it comes to a revocable trust, the trust is usually used for immediate family, or people who are listed on the trust. There is no trustee so it is pretty much a cheaper option since it is straight forward process.
Why is it so hard to trust people Should you always be Leary about what you say?
You should trust everyone with something small, this is how you can eliminate the ones who you cannot trust. You should test everyone as how much we would like to think everyone is trustworthy and kind, they are not. Until they break your first trust you can still trust them. But you should be able to figure whether or not they are trust worthy by the things they tell you about others or other peoples secrets!
If a family has real estate property in a living trust will this property be protected from medical bills of one family member?
If the trust instrument was properly drafted then title to the property is in the trustee and should not be reachable by a creditor of one of the beneficiaries.
In Calif if you are executor of family trust can your wife notarize any changes to trust?
Your wife would not be an appropriate notary for documents relating to a family trust. Others who must deal with the trust would find that situation unacceptable. If it's a family trust then she must benefit from it. A universal rule for notaries is that they must not notarize any legal document in which they have an interest or from which they may benefit. You should have a completely disinterested third party notarize those documents.
Whats worse playing with barbies at a young age or for the family not to trust you?
Not having your family trust.
Should you believe your boyfriend or another girl?
It really depends on what kind of person you are and what kind of person the boyfriend and other girl is. If you really trust your boyfriend then you should believe him but, if you aren't so sure about him and you trust the other girl then listen to her. But, like I said, it depends on the types of persons and it also depends on how much you trust these two. Its really your own call.
Do you have a claim to your late husbands share of family trust?
You do have a claim in your late husband's share of a family trust if that trust was willed to you by your husband. You can hire an attorney to help settle the trust.
