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Blind trusts are designed so that the beneficiary cannot control the management of, or see the value of the corpus within the trust. Often, in the case of public servants, or other individuals with notable fiduciary responsibility, assets are placed into a blind trust wherein they are the grantor and the beneficiary so their decisions are not ...
Probate is a public process, and the results of that process show up in the public record. Some families prefer to have their inheritance remain private, so a trust is a helpful vehicle to ...
Probate is potentially costly, and probate records are available to the public while distribution through a trust is private. Both living trusts and wills can also be used to plan for unforeseen circumstances such as incapacity or disability, by giving discretionary powers to the trustee or executor of the will.
A family trust is an estate planning tool that can preserve your family's wealth across generations. Here's how they work and how to set one up.
The judge rejected a petition from a coalition of major news organizations seeking to make the court proceedings public. “A family trust like the one at issue in this case, even when it is a ...
In trust law, an asset-protection trust is any form of trust which provides for funds to be held on a discretionary basis. Such trusts are set up in an attempt to avoid or mitigate the effects of taxation, divorce and bankruptcy on the beneficiary. Such trusts are therefore frequently proscribed or limited in their effects by governments and ...
Family trusts are meant to live beyond the grantor's life. A family trust has an extended lifespan that enables it to distribute assets based on designated milestones (ie., marriage, having children).
A nominee trust is a legal arrangement whereby a person, termed the settlor, appoints another person, termed the "nominee" or "trustee", to be the owner of the legal title to some property. [1] Although the legal title is transferred to the nominee, the beneficial ownership of the property is transferred to a third person, termed the beneficiary .
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