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Best Living Trust Study Guide eBook - “Make Sure Your Family Is Taken Care Of”
Best Living Trust Study Guide eBook - “Make Sure Your Family Is Taken Care Of”
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It is estimated, according to "Fortune" magazine, that some $6.8 trillion worth of assets will soon pass from parents to children, grandchildren, friends, charities and others. The questions remains: how will this wealth be transferred? Will it be the traditional methods of wills and probate or the new revolution of estate planning that has incorporated living trusts? Many legal experts believe that living trusts are the future of wealth transfers.
The concept of living trusts has created controversy simply because the legal profession seems evenly split on the issue. Estate planners seem to favor living trusts but there are enough opposed to the concept to avoid a clear majority decision.
Living trusts are also called "inter vivos" trusts, a Latin term preferred by attorneys. The Internal Revenue Service calls them "grantor" trusts. All mean the same thing.
The Internal Revenue Service, however, recognizes the living trust as a valid estate planning tool and exhibits no prejudice against it. There are specific provisions in the tax laws that deal with living or grantor trusts
Get this Insider's Handbook To:
"Living Trust" Today
OVERVIEW
TERMS YOU SHOULD KNOw
TRANSFERS
TRUSTEES
WILLS
ESTATES
OTHER TYPES OF TRUSTS
TAKING INVENTORY
SUMMARY
Living Trust Basic Form
It is estimated, according to "Fortune" magazine, that some $6.8 trillion worth of assets will soon pass from parents to children, grandchildren, friends, charities and others. The questions remains: how will this wealth be transferred? Will it be the traditional methods of wills and probate or the new revolution of estate planning that has incorporated living trusts? Many legal experts believe that living trusts are the future of wealth transfers.
The concept of living trusts has created controversy simply because the legal profession seems evenly split on the issue. Estate planners seem to favor living trusts but there are enough opposed to the concept to avoid a clear majority decision.
Living trusts are also called "inter vivos" trusts, a Latin term preferred by attorneys. The Internal Revenue Service calls them "grantor" trusts. All mean the same thing.
The Internal Revenue Service, however, recognizes the living trust as a valid estate planning tool and exhibits no prejudice against it. There are specific provisions in the tax laws that deal with living or grantor trusts
Get this Insider's Handbook To:
"Living Trust" Today
OVERVIEW
TERMS YOU SHOULD KNOw
TRANSFERS
TRUSTEES
WILLS
ESTATES
OTHER TYPES OF TRUSTS
TAKING INVENTORY
SUMMARY
Living Trust Basic Form
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