Posts Tagged ‘trust’

“3d Man With Question Mark” by David Castillo Dominici


You’ve had your will (or living trust) drawn up and have checked that task off of your “to do” list.  Where is it?  Who knows where it is?  And the same questions can be asked about your Power of Attorney, your Advanced Directive, Living Will and HIPAA Waiver. We receive numerous phone calls from people

Picture of a Will


If you don’t have a will, or have one that is old, the thought of calling numerous attorneys to ask about the process and the cost can be overwhelming.  And if you are thinking about Revocable Living Trust, you may not have a clue where to begin.  Legacy Trust and Wills has made it our

Set up a living trust

Trust Amendments – What are They?

A Trust Amendment is a legal document that changes specific provisions of a Revocable Living Trust but leaves all of the other provisions unchanged. A Revocable Living Trust is a legal contract between the Trust’s maker, called the Settlor or Grantor, and the Trustee, which may be changed at any time and requires the Trustee

Direction Trust Wills Arrows


A Will and a Living Trust are two (2) separate and unique documents.  Consequently, there are several differences between them.  The most important difference is how these documents relate to Probate, which is the Court administered process by which the decedent’s assets are collected, their liabilities are liquidated, necessary taxes are paid and property is

pen and paper

There is Nothing “Simple” about a Simple Will

A “simple” will is exactly what it sounds like – a stripped down version of a Last Will and Testament. A simple will is a form that allows the testator (the person making out the will) to simply fill in the blanks, leaving instructions on how to administer their estate after their death. Though a

Revocable Trusts

Irrevocable Trusts – Pros & Cons

What is an Irrevocable Trust? In essence, all trusts are relationships whereby property is held by one party for the benefit of another.  The trust’s creator, called a “Settlor”, transfers some or all of their property to a “Trustee”, who holds that property for the trust’s “Beneficiaries”. In contrast to Revocable Trusts, Irrevocable Trusts are

Successful Estate plans

Why do I need a Revocable Trust?

A revocable trust is the central feature at the heart of a modern estate plan. But what, exactly, is it?  And what does it do for you and your family? Think of a trust as your own corporation. You, the trustee, are the CEO. That means you have all the decision-making power. Your beneficiaries are


What makes up an Estate Plan?

Think estate plans are just for the wealthy? The fact is, just about anyone with a home and a family can benefit from sophisticated estate planning. A well-crafted estate plan can do a lot for you and your family when it matters most. In fact, a modern estate plan is not just about death. It