Archive for June, 2009
Wednesday, June 24th, 2009
1. A trust is different from a will, in that it allows a person to distribute their worldly goods among their loved ones before their death. It is entirely possible to create a trust as well as leaving a will, or to do one or the other. With good legal ...
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Tuesday, June 23rd, 2009
Parties to the TrustTRUSTOR
The trustor is the individual/s who create the Living Trust. Trustor is also known as the Creator. Trustor/s will sign as Trustors. Then there is nothing much they need to do unless they wish to make changes to the trust.SETTLOR
Settlor, who is almost the same individual/s as ...
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Monday, June 22nd, 2009
A Charitable Remainder Unitrust (CRUT) was created to provide an income to a non-charitable beneficiary while simultaneously transferring the remainder interest to a qualified charity.The donor would irreversibly transfer securities or property to a trustee. The trustee would then pay the donor (or other income beneficiary) income from the property ...
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