Top 10 Trust Articles
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. Types of Trusts
Not every style of wedding gown will look good on every bride, which is why brides always try on several dresses on shows like "Say Yes to the Dress." Similarly, there are a variety of types of trusts for the various needs of different individuals. This article describes all of the types of trusts out there.
2. Special Needs Trust Lawyers
No good deed goes unpunished, especially when the government punishes a disabled person by taking away benefits once someone gives them money. However, one can give money to a disabled person without having them lose their benefits by giving in through a trust. This article can tell you how to help a disabled person and avoid that punishment.
3. Amending a Trust
While a trust may seem like it is set in stone, it can be amended by taking the proper steps. If you are interested in modifying your trust, then you need to read this article.
4. Trust Termination Lawyers
Some things do not last forever, such as temporary tattoos, professional football careers, and Kardashian marriages. A trust may not last forever for a number of reasons. For example, there come a time when no one qualifies to benefit from it. This article explains what you need to do in case you need to put an end to the existence of a trust.
5. Disclaiming a Gift or Inheritance
Your grandpa may want to leave his perfectly maintained 1957 Thunderbird to you in his will, but he may have crazy conditions attached that make the car less desirable. Fortunately, you can choose to not inherit the car by disclaiming the inheritance. You should read this article if you want to avoid getting a gift that is not worth the trouble.
6. Alternative Valuation for Gross Estate
You can always be certain that you will have to deal with death and taxes, and just because you died does not mean you are free from taxes. Even though you will be dead, the IRS will still tax your estate. Your estate can lower the amount owed for taxes through an alternative evaluation for your gross estate, which is explained in this article.
7. Creating a Trust
People who get a sudden windfall of a monetary fortune almost always have their lives ruined by the money. You may want to give a loved one enough money to let them enjoy the finer things in life, but you don’t want to destroy their happiness. The best way to achieve this goal is by creating a trust, which you can learn about by reading this article.
8. Trust Dispute Lawyers
People have no problem settling in for long fights over money. Just look at Anna Nicole Smith’s battle to get J. Howard Marshall’s fortune, a legal fight that has continued after her own death. If you think that a trust that you are involved with may result in a fight, then you need to read this article for helpful advice.
9. How to Draft a Trust
Trusts are created for a variety of reasons, such as Nelson Mandela’s trust to financially compensate his children for the lack of bonding time with them. Like any other legal instrument, a trust needs to be drafted with every scenario considered so that nothing is left to chance. This article covers everything you need to know when drafting a trust.
10. Drafting Wills and Trusts
You may want to create a trust or bequeath money to help disadvantaged youths gain an important cultural abroad. However, if you do a poor job of drafting the will or the trust, the money may be used to pay for spring break trips to Mexico. You should read this article if you want to prevent your trust or will from being misused like this.
