To create and/or set up a trust, it is advisable to you contact an estate or elder law attorney. With so many state and federal laws coming into play, it is important to enlist the advice and services of a…

A trust can be a useful estate planning tool. If you have a net worth of at least $100,000 and have a substantial amount of real estate, or have very specific instructions on how and when you want your estate…

A major difference between a trust and a will is that a will goes into effect only after you die, while a trust takes effect as soon as you create it. A will is a document that directs who will…

There are two basic types of trusts: living and testamentary trusts. A living trust is set up during a person’s lifetime, rather than one that is created at your death. Property you transfer into a living trust before your death…

A trust is a document that spells out the rules that you want followed for property held in trust for your beneficiaries. The person who creates the trust is called a grantor, donor or settler. The grantor chooses someone, called…