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In 2002 the worldwide publishing rights have been returned by Harcourt to the Allen L. Edwards Living Trust. Internationally there is a translation in Dutch, which has been published in the Netherlands legally until 2002 (by Harcourt Test Publishers). There is also a translation into Japanese, published in 1970 by Nihon Bunka Kagakusha, Tokyo.
Inter vivos trust (or 'living trust'): A settlor who is living at the time the trust is established creates an inter vivos trust. Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in ...
Revocable living trusts were often touted and marketed as valuable solely because of their ability to "avoid probate" and the costs and complications that surrounded it. Although probate avoidance is certainly a consideration in the use of a "living trust", there are many other estate planning techniques which also "avoid" probate.
Trustees, especially in family trusts, may often be expected to perform their services for free. However, more commonly, a trust will make provision for some payment. In the absence of terms in the trust instrument, the Trustee Act 2000 sections 28–32 stipulate that professional trustees are entitled to a "reasonable remuneration." All ...
In other words, it's a trust created by a person during his life (as opposed to a testamentary trust, which is a trust he or she provides for in a will, and which is created only upon death). A living trust, an inter vivos trust, can be either revocable or irrevocable during the life time of the creator (the grantor, settlor, trustor). Some ...
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