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United States trust law is the body of law that regulates the legal instrument for holding wealth known as a trust.. Most of the law regulating the creation and administration of trusts in the United States is now statutory at the state level.
Today’s choices shape the future for children, great-grandchildren and future descendants. For Californians, navigating the landscape of living trusts and wills is paramount in ensuring a ...
The American College of Trust and Estate Counsel (ACTEC) was established in 1949. It is a professional organization of lawyers , fiduciary counsel and law professors , peer-elected to membership by demonstrating the highest level of integrity, commitment to the profession, expertise, and experience as trust and estate counselors.
Living trusts come in two forms -- revocable and irrevocable. ... a bypass trust is designed to meet the cash-flow needs of a surviving spouse, but it will transfer to the surviving spouse's ...
Resulting trust: A resulting trust is a form of implied trust which occurs where (1) a trust fails, wholly or in part, as a result of which the settlor becomes entitled to the assets; or (2) a voluntary payment is made by A to B in circumstances which do not suggest gifting. B becomes the resulting trustee of A's payment.
An inheritance trust – also known as a family or testamentary trust – is a legal arrangement designed to manage and protect assets for the benefit of heirs or beneficiaries after the grantor ...
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