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.

Wills - entered: September 9, 2005 - author: From Plan-My-Estate.com - A will is a traditional legal document which is effective only at your death to: Name individuals (or charitable organizations) to receive your assets upon your death (either by outright gift or in trust). Nominate an executor, appointed and supervised by the probate court, to manage your estate, pay debts and expenses, pay taxes, and distribute your estate in an accountable manner and in accordance with your will. Nominate click here for full text.

Living Wills - entered: September 9, 2005 - author: From Plan-My-Estate.com - 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. The directive creates a contract with the attending doctor. Once the doctor receives a properly signed and witnessed directive, he or she is under a duty either to honor its instructions or to make sure you are transferred to the care of another doctor who will. click here for full text.

The Advantages of a Living Trust - entered: September 9, 2005 - author: Karen E. Klein From Plan-My-Estate.com - Can a Sub S-corporation be placed into a revocable living trust without losing its S-corp status? Is this a good way to pass our company on to our son? Yes, Sub S-Corp. stock can be placed into a revocable living trust. In fact, such trusts are a standard estate-planning technique commonly used in states with high probate costs. Experts say that the revocable trust is useful because assets can be put in and taken out as the trustholder wishes and at his or her death, the fees, expenses, and potential complications of probate court are not incurred. click here for full text.

Limited Term Trust - entered: September 9, 2005 - author: Robert J. Mintz The Asset Protection Law Center - A Limited Term Trust is designed to last for a specified term of years with the trust assets returned to the settlor at the end of that period. For instance, Dr. X is forty-five years old, married with two young children, and earning a comfortable living. He has $2 million in savings and doesn’t currently need the income generated from these investments. click here for full text.

Irrevocable Life Insurance Trust - entered: September 9, 2005 - author: From Plan-My-Estate.com - Did you know that the beneficiaries of anyone who buys their own life insurance, or has life insurance through their job, will typically have to pay federal estate tax on the proceeds of the insurance policy? However, with an Irrevocable Life Insurance Trust, the proceeds of a life insurance will not be taxed as part of the decedent's estate. click here for full text.

Gifts for Minors - entered: September 9, 2005 - author: Daniel B. Evans - Parents and grandparents are often interested in making gifts to minor children or grandchildren to help pay college expenses or for other tax planning purposes. This outline will explain some of the considerations for planning trusts and other forms of gifts to minors. click here for full text.

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