Payable on Death forms are a legitimate way to provide assets to a named beneficiary without going through Probate Court to do so. But there are a number of significant limitations to Payable On Death documents. And while creating a Living Trust is a bit more complicated to create and manage, a Trust offers several advantages when compared to simply listing or transferring assets to “Payable on Death” status. [ Read More… → ]
Living Trust Questions
Can I Use “Payable On Death” Forms Instead of Creating a Living Trust?
Tags: Living Trust Questions · December 22nd, 2008
Can I Remove the Trustee of a Trust Set Up by my Child’s Grandparents?
Usually the Grantor of the Trust (the grandparents, in this case) names the trustee and alternate trustee. And typically, only the Grantor can make a change to the Trust, at his or her discretion, including who the acting trustee should be. [ Read More… → ]
Tags: Living Trust Questions · December 22nd, 2008
Does a Trust’s Pour Over Will Go Through Probate Upon Death?
Any property held in a decedent’s individual name at the time of death will be subject to probate; that process is unavoidable.
Through the probate process, the deceased person’s property ultimately will be transferred to the Trust pursuant to the terms of the pour-over will, so long as the Pour Over Will has been properly executed. [ Read More… → ]
Tags: Living Trust Questions · December 3rd, 2008
Can I Create a Living Trust Using Property in One State and a Notary from Another?
Certainly! You can use whatever address you wish to include as the contact information on your Trust documents. You can also include whatever property you wish to use to fund the Trust, from whatever states or countries in which those properties are located. [ Read More… → ]
Tags: Living Trust Questions · December 1st, 2008
Can Standard Legal’s Living Trust Software Be Used to Revise an Existing Trust?
Amending an existing Trust using Standard Legal’s Living Trust software (or any other company’s legal forms or legal form software) may be a tricky task.
While you can always legally amend a Trust, the changes to the Trust must be done in a manner [ Read More… → ]
Tags: Living Trust Questions · November 8th, 2008
Does Standard Legal’s Living Trust Include a “Grantor Trust”?
Standard Legal’s Living Trust legal forms software contains a Revocable Living Trust — also known as a Grantor Trust.
[Get complete details on Standard Legal’s Living Trust legal forms software here.]
Tags: Living Trust Questions · October 21st, 2008
If I Move to Another State, Is My Trust Still Valid?
Simply moving to a different state does not make an existing Trust ineffective. As an example, if the Trust document [ Read More… → ]
Tags: Living Trust Questions · October 16th, 2008