Bank “Trust” Accounts

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12th Jul 2009

BANK “TRUST” ACCOUNTS: Banks have a type of “trust” account which many people use to pass the account to a beneficiary when the account holder passes away.The technical term for this type of account is a “Totten Trust”. It is … more

SELECTING A SUCCESSOR TRUSTEE

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11th Jul 2009

The Selection of a Successor Trustee is perhaps the most important decision in the creation of a Living Trust. It is not by mistake that Living Trusts are called “TRUSTS”, because the Successor Trustee manages your Trust Estate and distributes … more

Do I Need Amend The Trust When Assets Change?

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10th Jul 2009

DO I NEED TO AMEND MY TRUST WHEN MY ASSETS CHANGE? This is a very common question by clients, and the answer is very simple: NO! A trust is designed to hold your assets in title to avoid probate on … more

SPECIAL NEEDS TRUSTS

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SPECIAL NEEDS TRUSTSParents who have a disabled child or child who is severely incapacitated, are faced with the problem of how to provide for that child financially after the parents have passed away.Because the child (whether a minor or an … more