Thanks to that fountain of misinformation known as the internet, there is a great deal of confusion about what happens when a creditor attempts to enforce a judgment against a settlor of beneficiary ...

When planning your estate, you should understand different trust options available, such as testamentary trusts and living trusts. A testamentary trust is created through a will and only becomes ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Trusts are common, but there are numerous variations, and there ...

Trusts are described in multiple ways, including: living or testamentary, revocable or irrevocable and grantor or non-grantor. These terms are not always mutually exclusive. A trust can be living, ...

Dear Liz: Is naming a beneficiary for a nonretirement, “payable on death” account as effective as putting the account in a living trust? It seems easier than doing all the paperwork each time I open ...

Living trusts don't have to go through the probate process. The details of a living trust are not a part of the public record. Living trusts are also known as revocable trusts because they can be ...

Dear Liz: My goal is to avoid probate and allow simplified access for my heir, who is also my executor. I have no family. I have chosen payable-on-death and transfer-on-death accounts instead of ...

If you have established a living trust and own real estate, you were likely advised to transfer the real estate to your trust. A living trust may also be known as a “revocable trust,” “inter vivos ...

These days, it’s not unusual for a client to use a trust instead of a will for their estate planning. Trusts offer a range of benefits, including asset protection, privacy, and efficient distribution ...

This is read by an automated voice. Please report any issues or inconsistencies here. Your brother made you a successor trustee of their living trust—not an executor—and you’re not obligated to accept ...