Law Library Articles
Top 10 Trust Articles in the LegalMatch Law Library
Many people tend to associate trusts with incredibly wealthy families, hence the term “trust fund baby.” Trust funds can be used to manage incredibly large fortunes for young children. However, they are also used for a variety of other purposes, from hiding the real identities of people involved in a real estate transaction to financing a charity.
For information on creating and managing trusts, here are the Top 10 Trust Articles in the LegalMatch Law Library.
1. Special Needs Trust Lawyers
A special needs trust can provide for a person with a disability. It helps them receive financial support without risking their eligibility for government benefits. A lawyer can help create a trust that follows all the specific rules involved.
2. How Much Does It Cost to Have a Trust Prepared?
The cost to prepare a trust depends on how involved the planning is. A lawyer might charge a flat fee for a standard trust document. A more customized trust that involves tax planning or multiple properties will likely cost more.
3. How to Draft a Trust
Drafting a trust involves several important steps. You must choose a trustee to manage the assets and name the beneficiaries. It is also necessary to formally transfer your property into the trust for it to be effective.
4. How to Get a Court-Ordered Special Needs Trust
A court may order a special needs trust to be created. This often happens when a disabled person receives money from a lawsuit or inheritance. The process ensures the funds are managed properly for the person’s benefit. Read this article to learn more about your rights regarding these types of trusts.
5. Uniform Trust Code and Custodial Trusts
The Uniform Trust Code provides a set of model rules for trusts that many states have adopted. It helps make trust laws more consistent across the country. This article explains how the code applies to different kinds of trusts.
6. Revocable Living Trust for a Married Couple
Married couples can use a revocable living trust to manage their shared assets. This allows for a smooth transfer of property when one spouse passes away. It can also help their estate avoid the public process of probate court.
7. Ultimate Guide to Trusts
This article provides a general overview of what trusts are and how they are used. It covers the basic roles of the creator, trustee, and beneficiary. You can learn about the main reasons people use trusts in their financial planning.
8. Revocation and Modification of Revocable Trusts
If you have a revocable trust, you can change or even cancel it during your lifetime. Your circumstances may change, requiring an update to the beneficiaries or terms. This article explains the process for making these modifications.
9. Express Trust vs. Resulting Trust
An express trust is created on purpose with a formal document. In contrast, a resulting trust can be implied by a court based on the circumstances. This article explains the key differences between these two trust types.
10. What Is a Trust Protector?
A trust protector is a person given authority to oversee a trust. They can be appointed to remove a trustee or resolve disputes if needed. This role provides an extra layer of oversight to ensure the trust is managed correctly.
