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What else can I help you with?
How much does it cost to set up a blind trust in SC?
The cost of setting up a blind trust in South Carolina can vary depending on the complexity of the trust and the fees charged by the attorney or financial institution facilitating the trust. It is recommended to consult with a legal professional specializing in estate planning or trusts to get a more accurate estimate of the costs involved.
Where can I search to learn about revocable trust?
You can search online resources such as legal websites, government websites, or financial planning sites to learn more about revocable trust. Additionally, consulting with a qualified estate planning attorney or financial advisor would be beneficial to get personalized guidance on setting up a revocable trust.
How to set up irrevocable trust for grandchild?
To set up an irrevocable trust for a grandchild, you typically need to work with an estate planning attorney who can help draft the trust document. You will need to fund the trust with assets, choose a trustee to manage the trust, specify the terms of the trust, and designate your grandchild as the beneficiary. Once the trust is established, the assets will be managed according to the terms you set forth for your grandchild's benefit.
Can you leave money to a minor in your will?
Yes, you can leave money to a minor in your will by setting up a trust or naming a guardian or custodian to manage the funds until the minor reaches a certain age, typically 18 or 21, depending on the jurisdiction. It is important to specify how you want the funds to be used for the minor's benefit.
Can you sue a revocable living trust?
While you can't sue the trust itself, you CAN sue the grantor (owner) of the trust, because anything that's in the trust is treated as being owned by the grantor. For instance, if you set up a revocable living trust and put all your assets in it, the trust DOES NOT protect your assets from seizure by creditors or judgments, because everything in the trust is still owned by you. The main purpose of a revocable trust is for your heirs to avoid going through probate when you die; otherwise it provides no legal protection for you or your estate. So to answer your question literally, no you can't sue the "trust", but if you're asking can someone seize money in the trust if they sue you and win, then yes, they most certainly can.
What is the process of setting up the software to work with the?
The process of setting up software to work with a computer is known as installation.
How much does it cost to set up a blind trust in SC?
The cost of setting up a blind trust in South Carolina can vary depending on the complexity of the trust and the fees charged by the attorney or financial institution facilitating the trust. It is recommended to consult with a legal professional specializing in estate planning or trusts to get a more accurate estimate of the costs involved.
What are the steps for setting up a trust?
Trust funds are becoming more commonplace for the average person. Trust funds are set up for the protection of assets for the beneficiary and tax savings for the person setting up the trust. When you make gifts to a child in trust, you want to do it in such a way that your gifts qualify for the annual gift tax exclusion Research it and speak to a professional.
Can the funds in a Revocable Living Trust be garnished?
An indivisdual owes me money. He also owes two other individuals. Rather than pay us he is setting up a trust. I am trying to find out if this trust that he is just now setting up be garnished so that I can get my money back.
How does setting up a trust work?
Go to a law library and the librarian will give you a book.
What was the first orders of business in setting up the Texas state government?
writing a constitution.
What is the process of setting up software to work with a computer?
The process of setting up software to work with a computer is known as installation.
Setting Up a Trust Is Dangerously Simple?
While the requirements can vary from state to state, setting up a trust is generally a very simple procedure, often requiring no more than a written explanation of what's being held in trust, who the trustee is, who the beneficiaries are, and a couple witnesses. Unfortunately, this simplicity can lead many to create a trust with unintended tax or business consequences. Consulting a lawyer is critical before setting up a trust as the lawyer can help explain the best way to effect your wishes, while minimizing the risk of unforeseen complications.
What can you do and not do in a personal trust fund?
There are many different ways of setting up trusts. The specifics can have major tax and probate consequences, so you should consult a trust attorney to set it up.
How do I create a family trust as part of my estate planning?
You can contact an attorney for information on a family trust. Many attornies deal with setting up these kinds of trusts.
If parents want to transfer their house to their child what is the child's cost basis for the house?
You should speak to a good trust attorney about setting up a Living Trust and puting ALL parties in the trust. Then the Trust can own the property.
7 The process of setting up new congressional districts after reapportionment is called?
The process of setting up new district lines after reappointment has been completed is called Redistricting. The process of reassigning representation based on population after every census is called Reappointment.
