The following links to trusts And wills law articles published by various legal resource services, attorneys and legal professionals are posted here as a legal resource by National Lawyers Directory, a national directory of links to attorneys, lawyers and law firms.
Everyone Should Have A Living Will - dated: August 9, 2005 - author: David G. Hallstrom, Sr. - According to information provided by http://www.plan-my-estate.com an an estate planning and asset protection resource web site, a living will, known in most states as a Directive to Physicians or Healthcare Directive, sets out your wishes about what extended medical treatment should be withheld or provided if you become unable to communicate those wishes. click here for full text.
Why Have a Will - entered: September 9, 2005 - author: Daniel B. Evans - There are probably few subjects in law which are surrounded by more myths and misinformation that the subjects of wills and the distribution of estates. Many people believe that not having a will allows the state to take part of the estate (not true), that having a will automatically reduces taxes (also not true), or that having a will means that a lawyer gets to take a big fee out of the estate (also not true). And, of course, there are the stereotypes of little old ladies writing long wills to direct who gets the silver spoons. click here for full text.
Inheritance Protection Trusts - entered: September 9, 2005 - author: From Plan-My-Estate.com - In an effort to help protect the inheritance left to your children, we have developed the Inheritance Protection Trust. This is a variation of a typical Living Trust, however, we have modified certain provisions to protect assets left to minor children. The typical living trust will leave assets to minor children and have these assets managed by a designated Trustee. Once the children reach the required age (ex.: 25 years old) the Trustee will then pay the remaining trust funds to the children. The children then own the trust funds and it becomes one of their assets. click here for full text.
Frequently Asked Questions about Living Trusts - entered: September 9, 2005 - author: Provided By The California State Bar Association From Plan-My-Estate.com - The "living trust" described in this brochure is a revocable living trust. It is sometimes referred to as a revocable inter vivos trust, or a grantor trust. A living trust may be amended or revoked by the person creating it (commonly known as a "trustor," "grantor" or "settlor"), at any time during the trustor's lifetime, as long as the trustor is competent. A trust is a written legal agreement between the individual creating the trust and the person or institution named to manage the assets held in the trust (the "trustee.") In many cases, it is appropriate for you to be the initial trustee of your living trust, until management assistance is anticipated or required. click here for full text.
Myths about "Living Trusts" - entered: September 9, 2005 - author: Daniel B. Evans - Revocable trusts have become increasingly popular as substitutes for wills in estate planning. Many people believe that by creating a trust, naming themselves as trustees, and transferring their assets to the trust, they will save taxes, simplify the administration of their estates, and save money for their children or other beneficiaries. Unfortunately, these beliefs are not based in fact, and are typical of the myths that surround so-called "living trusts." click here for full text.
Special Needs Trust - entered: September 9, 2005 - author: From Plan-My-Estate.com - A Special Needs Trust is a type of spendthrift trust that is used to provide benefits to an elderly or disabled person while not effecting the person's eligibility to receive certain types of "need-based" government programs such as SSI and Medi-Cal. The Trust provides money for the "special needs" of the person as a supplement to the assistance received from the government programs. The "special needs" that the Trust covers can include education, training, transportation, insurance, medical expenses, treatment, rehabilitation, medical equipment, and other necessary expenses. click here for full text.
Charitable Remainder Trust - entered: September 9, 2005 - author: From Plan-My-Estate.com - A Charitable Remainder Trust is an irrevocable trust. The purpose of a Charitable Remainder Trust is to allow you to make a donation to the charity of your choice and allows you to retain control of the donation and keep any income derived from the assets during your lifetime. click here for full text.
Frequently Asked Questions about Wills - entered: September 9, 2005 - author: Provided By The California State Bar Association From Plan-My-Estate.com - A will is a legal document, drafted and executed in accordance with state law, which becomes irrevocable at your death. In your will, you can name: click here for full text.
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