CATEGORY: Living Trust Questions

Answers to Frequently Asked Living Trust Questions

Can I Name a Contingent Beneficiary in a Standard Legal Trust?

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?

Can Standard Legal’s Trust Have Staggered Distributions?

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?