While it is legally possible, Standard Legal believes that a Last Will & Testament is most appropriate for designating beneficiaries and for outlining the desired methods of distribution of property upon death, but not for creating a Trust. Continue reading Can a Last Will Be Used to Set Up a Trust?
Standard Legal’s Living Trust software is set up to initially make the Grantor and Trustee one in the same. But this requirement is not permanent, nor does it force that person to stand alone. Continue reading Living Trust Grantor and Trustee the Same Person?
Say a person owns both a home and has a Trust, but the home is not included within that Trust. What is the best way to pass that home on to beneficiaries?
The answer depends on what the current owner cares to do with the property. Continue reading Transfer Outside House to Trust or Simply Will It?
A Certification of Trust permits the Grantor or Trustees of a Trust to provide required information regarding the Trust to those that need or want it. Continue reading What is a Certification of 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?
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?