Trust Administration Tag

  THE LIVING TRUST For most of my clients, at the center of their estate plan sits a document known as a “living trust.” Sometimes, attorneys will create separate living trusts for spouses, and sometimes joint trusts, depending on their circumstances and state of residence. This type of trust is called “living,” because it goes into effect and protects you even while you are alive. It...

Is the AB Trust Still Part of Your Estate Plan? Should It Be? An AB trust is a joint trust commonly created by a married couple to minimize estate taxes prior to the considerable increase in federal estate tax exemption. This trust is funded with assets of each spouse and divides into two separate trusts (Trust A and Trust B) upon the death of the first spouse. The AB trust plan results in the...

If you have a living trust, you probably think that you will avoid probate. Well, that may be true, but having a stack of documents you call a trust is not enough to do the job, you have to now put assets in your trust. Imagine your living trust is a bucket. Once you sign your trust, you have an empty bucket, but you can now start filling it with your stuff. How do you fill your bucket? Let’s...

Helen Justice, Geriatric Care Manager, at Advanced Wellness, published an informative article on updates to VA disbursements: Are you a War-Time Veteran or Widow of War Time Veteran? There are Financial Benefits available for War Time Veteran and Widow of War Time Veteran to help defray the cost for senior placement Assisted Living Facilities, Board and Care Homes, and In-Home Care. There is a...

CunninghamLegal – The Living Trust Lawyers Trust Protector. Like a Superhero: The American Academy of Estate Planning Attorneys offers insight on the subject of Trust Protectors. In the Estate Planning practice in the United States the Trust Protector is a relatively new concept. Originally started in England, it made it’s way to the United States only recently. As a result, not...

CunninghamLegal – The Living Trust Lawyers Trust Administration – What’s that? This is a question we get on occasion from clients.  The terms trust administration or trust settlement refer to the process of following through with the trust provisions and distributions after someone has died.  This process may involve helping the trustees (often a family member) with gathering and...

CunninghamLegal – The Living Trust Lawyers In this article, Stephen M. Wood, Attorney in our Camarillo and Ventura County office discusses A-B Trusts and why you should consider having your trust reviewed by an Attorney now. Bypassing the “B” Trust Under the current estate tax regime, it is often unnecessary for a married couple to have what is commonly called an A-B Trust. The “A”...