The difference between an A/B Revocable Living Trust and a Joint Revocable Living Trust is that the A/B trust permits the maximization of the “joint marital credit” for estate tax purposes. [ Read More… → ]

Typically, the title of an asset should be transferred from the individual owner’s name(s) to the names of the Trustee of the Trust. [ Read More… → ]

Assuming that you are creating a new Living Trust with the intent of replacing your existing one (i.e., you are not creating a second trust funded with assets not covered previously), the new Trust documents would supersede and take precedence over the existing documents. [ Read More… → ]

The answer depends exclusively upon how you wish to have your trust identified.

In most instances, you are permitted to obtain a federal tax ID number for your Trust, but said number may not be required, depending on how the trust will be taxed. [ Read More… → ]

The consideration required in this question simply has too many variables to provide a “stock” answer. [ Read More… → ]

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… → ]

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… → ]

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… → ]

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… → ]

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… → ]

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.]

Simply moving to a different state does not make an existing Trust ineffective. As an example, if the Trust document [ Read More… → ]