by FamilyTrust | Apr 10, 2014 | Family Trusts, Famous Estates, Irrevocable Family Trust, Irrevocable Trusts, Revocable Living Trust, Revocable Trusts, Taxes, Trust & Estate Blog
We have previously discussed how important it is to set up a Family Trust to protect your assets and legacy for your heirs. However, choosing the type of trust to create is equally as important, as the heirs to pop superstar Michael Jackson’s estate are finding...
by FamilyTrust | Sep 10, 2013 | Definitions, Living Trust, Revocable Living Trust, Revocable Trusts
A living trust is the same as a revocable trust, a revocable living trust, and an inter vivos trust. Think of a trust as a third-party beneficiary contract where you have a trustmaker, grantor, settlor, or settlors who form a trust, basically as an agreement with a...
by FamilyTrust | Sep 10, 2013 | Definitions, Irrevocable Trusts, Revocable Living Trust, Trust Tax
An irrevocable trust cannot be changed. It is a trust that, by its terms, can’t be changed except by terms that might be written into the irrevocable trust. It must operate according to whatever are its terms. An irrevocable trust is typically set in a...
