There is a simple and effective way to deal with those problems, called a testamentary trust. It only comes into existence once you pass away, but you can leave instructions about how you want the ...

Commissions do not affect our editors' opinions or evaluations. Trusts are legal entities used to manage assets on behalf of beneficiaries. A grantor creates and transfers assets to a trust ...

Assets held in trust are legally owned by the trustee. The trust relationship is governed by a trust deed that binds the trustee and sets out the terms under which the trust property is held. Trusts ...

I'm in my early 70s, in good health and still enjoying life, but my two adult children have already started lobbying me about my will. They never say it outright, but at different times, they ...

Statute of Limitations refers to a statute that sets the time period during which a legal claim can be brought. Most statute of limitations laws require individuals to sue at some point during a ...

Kristi Stadler Green, Kristi A. Green, Daniel Power to Farmers State Bank, Cambridge Add LT 70 $184,000. Nathaniel Gann, Kelsey Gann to Union State Bank of Everest, Bank of Plattsburg, 20 57 33 ...

He has extensive experience in drafting a broad range of estate planning documents including simple and complex testamentary trust wills, capital protected trusts, special disability trusts, as well ...

Loan modifications are changes made to the terms of an existing loan outside the specifications contained in the original loan agreement. In a mortgage situation, loan modifications are typically ...

Check your state laws for this information. Types of Wills The four main types of wills are the simple will, the joint will, the testamentary trust will, and the living will. Use a simple will to ...

Generally speaking, this type of trust and similar ones are called testamentary trusts because property is actually transferred following the trustor's death. Assets in these trusts flow directly ...