Setting Up a Trust
Setting up a trust requires proper planning and administration, but it is generally a fairly simple process. A trust is simply a transfer of legal ownership of property or assets from a property owner (the "trustor") to a person or institution (the "trustee). There are several factors that go into setting up a trust, such as the age, size of the estate, and marital status of the trustor. This section provides tips and information on choosing a trustee, amending an existing trust, and more. You’ll find articles on how to put money and other assets into a living trust, why setting up a trust may be unnecessary, and how a trust ends.
- Trusts: An Overview
A broad look at trusts and the laws governing them. Learn about how to create a trust, the difference between testamentary and living trusts, transferring assets into a trust, and more.
- Why Setting Up a Living Trust May Be Unnecessary
Depending on your age, the size of your estate, and marital status, a living trust may not be necessary. This article provides an explanation of the factors that may make a living trust unnecessary.
- Do I Need to Hire a Living Trust Lawyer?
While many people hire a lawyer to set up a living trust, using an attorney can be expensive. To help you save money, this article provides tips for creating a living trust on your own.
- How Do I Put Money and Other Assets in a Living Trust?
While a living trust is a great way to manage your property, it’s useless unless you transfer assets and property to it. Learn about a number of ways to transfer assets into a living trust.
- How Does a Trust End?
A look at how and why trusts end. Take a look at this article to learn about the ways a trust can end, what happens after a trust ends, and much more.
- Types of Trusts
There are a number of different types of trusts serving a variety of different purposes. Learn about the key differences between revocable trusts, irrevocable trusts, asset protection trusts, charitable trusts, and more.