Ads
related to: will and trust examplesuslegalforms.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
A trust fund is a legal entity that holds and manages assets on behalf of another individual or organization. A will, on the other hand, is a legal document that directs the distribution of assets ...
A trust can be set up either to benefit particular persons or for any charitable purposes (but not generally for non-charitable purposes): typical examples are a will trust for the testator's children and family, a pension trust (to confer benefits on employees and their families) and a charitable trust.
A testamentary trust provides a way for assets devolving to minor children to be protected until the children are capable of fending for themselves; [3] A testamentary trust has low upfront costs, usually only the cost of preparing the will in such a way as to address the trust, and the fees involved in dealing with the judicial system during probate.
It is a trust that qualifies for the marital deduction, provided that the surviving spouse is given the income at least annually and the surviving spouse has a general power of appointment over the trust property remaining at his death. Most general powers of appointment are exercisable under a will. The holder of the power refers to the ...
A will works just fine for most people, while trusts are geared toward those with more assets and unique or complex estate issues.
With a trust, you can leave specific instructions for the distribution of your assets and convey them clearly to the trustee you choose to carry them out. This way, you can control your assets ...
Ads
related to: will and trust examplesuslegalforms.com has been visited by 100K+ users in the past month