Your living trust can provide that, after your death, wealth remains in trust for your child (or other intended beneficiary) to help with designated purposes. Well known examples of such purposes are health and education. But another purpose is help with buying a house. For example, your trust could provide that, after your death, the trustee may … Continue reading Trust inheritance provision to help your beneficiaries buy a home
People are often invested deeply in their charitable causes. Some give their money. Some donate their time. Some share their talent. To them, their charitable causes are an important part of who they are. It is important for such clients to discuss with their attorney whether they want that legacy to continue in their estate plan … Continue reading How to include your charitable causes in your living trust and estate plan
What are the ingredients for trust planning? Selecting the trustee is central to every trust planning. On this topic, see the post from June 2, 2012, regarding selecting a trustee. When does money or assets come out of the trust for the beneficiary? Often it helps to distinguish between trust income (such as rent, interest, … Continue reading Planning your trust: what are the ingredients?
In California, a trust terminates when any of the following occurs: The term of the trust expires. The purpose of the trust is fulfilled. The trust purpose becomes unlawful. The trust purpose becomes impossible to fulfill. The trust is revoked. On termination of the trust, the trustee continues to have the powers reasonably necessary under … Continue reading Terminating a California irrevocable trust because it has become uneconomical
This video discusses the initial conference for a living trust estate plan: