Living Trust Questions

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

Simply moving to a different state does not make an existing Trust ineffective. As an example, if the Trust document

Read more