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Trusts Overview: Revocable; Irrevocable; Special Needs - An Overview
An important part of Estate Planning may involve the establishment of Trusts. On this page, you will find a general introduction to some of the basic types of Trusts: Revocable, Irrevocable and Special Needs Trusts.
← See Trusts – By State, at left. In the U.S., Trusts are a matter of state law, and Trusts law differs state to state. Consult competent counsel in your state and the state(s) where your senior loved one resides or holds property.
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OVERVIEW: REVOCABLE, IRREVOCABLE & SPECIAL NEEDS TRUSTS:
What can you do as a Baby Boomer and family caregiver to secure your retirement future against the threat of rising health care and long-term care costs? Here are some links to information that may be helpful to you . . . → Read More: Retirement and Long-Term Care Planning Tools
Estates And Trusts: An Overview, Cornell University Law School, Legal Information Institute. A basic overview of the process of the role of trusts in estate planning, with links to additional basic information on the Uniform Probate Code and wills, . . . → Read More: Estates And Trusts: An Overview
Trusts: An Overview, by FindLaw.com. Provides a good basic introduction to trusts as an estate-planning tool, including a basic explanation of the different types/ categories of trusts – testamentary trusts (created by will) vs. living or inter vivos trusts . . . → Read More: Trusts: An Overview
Living Trust FAQ: An introduction to living trusts — a popular way to avoid probate, by Nolo.com. Basic information on living trusts written by a Nolo attorney, with links to state by state information. »View Details
Planning For The Disabled And Elderly – Special Needs Trusts, by Ellen Morris, J.D. »View Details Planning For The Disabled And Elderly – Special Needs Trusts, by Ellen Morris J.D.
See Archives of Additional Posts on Trusts: Revocable, Irrevocable & Special Needs – An Overview.
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The information posted or linked on this site is for information only, and does not constitute legal advice. Your use of this website or contact with us does not give rise to an attorney-client or other professional relationship. Each situation is different, and the general information presented here is only a place to start; it cannot and should not be assumed to apply to your situation.
These are important matters, and you should consult a qualified attorney before making any decisions or taking or omitting to take any action of a legal nature. Your action or inaction can seriously affect you and your loved one’s legal rights.
The above information should not be considered as comprehensive, and there may be other issues that should be addressed in your and your senior loved one’s situation. Consult competent counsel in all of the state(s) where your senior loved one resides or has property.
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