Standard Legal’s Living Trust Agreements generally fall into one of two categories: Trusts that pass property to the Grantor’s children; and Trusts that pass property to specifically named beneficiaries
For both of these types of Standard Legal Trusts, the Grantor can choose a how to distribute property to his/her named Beneficiaries if any of these individuals predecease (pass away before) the Grantor.
The choices are “per stirpes” or “per capita.”
And the choice of distribution provides a structure for addressing for contingent Beneficiaries. Continue reading Can I Name a Contingent Beneficiary in a Standard Legal Trust?
Moving to a different State does not necessarily require a change to the documents or the creation of an Addendum to a Living Trust. Continue reading Must I Amend My Living Trust if I Move States?
Whether single or married, Standard Legal has some Living Trust options for people with a high value of assets. Continue reading Can I Create a Living Trust with Standard Legal if I Have a High-Value Estate?
A Grantor and a Trustee can sign the complete Living Trust document separately, but some specific steps should be followed to eliminate any potential legal issues. Continue reading Can a Grantor and Trustee Sign a Trust Separately?
Standard Legal’s Joint Trust documents do not provide for staggered distribution to child beneficiaries directly within the primary language. But there is a straight-forward way to accomplish a distribution of assets to specific child beneficiaries in specific amounts on specific dates using a second document included within the Living Trust package. Continue reading Can Standard Legal’s Trust Have Staggered Distributions?
Some people wish to add conditions or requirements to a Living Trust before the distribution of that Trust takes place. So what is the best way to add such a condition to the Revocable Living Trust documents offered by Standard Legal? Continue reading How Do I Add Conditions to a Living Trust?
Standard Legal believes that most people decide to create a Living Trust primarily to avoid Probate Court for their beneficiaries after their own passing.
A Testamentary Trust does not avoid Probate. Continue reading Can I Create a Testamentary Trust with Standard Legal?
Unless some other instruction is provided within the Living Trust document, future income or interest generated from the Trust’s assets is usually property of the Trust. Continue reading How is Future Income Covered in a Trust?
Revocable Living Trusts are not required to be recorded for the document to be valid and effective. Continue reading Should a Living Trust Be Filed with a County Recorder?
The first consideration as to whether or not a personal bank account is part of that person’s Living Trust: is the bank account expressly named as an account of the Trust. Continue reading Is a Person’s Bank Account Always Part of Their Trust?