Ad
related to: list of possible assets for estate trust account software for attorneys
Search results
Results from the WOW.Com Content Network
As the assets aren't considered a part of your estate, they sidestep the probate process. It also lets you continue to use assets transferred into the trust: for example, a house or money from ...
In South Africa, in addition to the traditional living trusts and will trusts there is a "bewind trust" (inherited from the Roman-Dutch bewind administered by a bewindhebber) [51] in which the beneficiaries own the trust assets while the trustee administers the trust, although this is regarded by modern Dutch law as not actually a trust. [52]
One of the most important responsibilities for a trustee is to prudently manage the trust's assets. The Uniform Trust Code presumes that trustees will be held to the same standard as that adopted by the Uniform Law Commissioners in the Prudent Investor Act [UPIA]. A trustee must invest and manage trust assets as a "prudent investor" would, by ...
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.
Estate planning is the process of arranging who will receive your assets when you die. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: ...
Blue said you should consider setting up trusts for efficient asset management, such as a revocable living trust or a charitable remainder trust. “They can help make sure your assets are handled ...
For example, an estate plan may include a healthcare proxy, durable power of attorney, and living will. After widespread litigation and media coverage surrounding the Terri Schiavo case, estate planning attorneys often advise clients to also create a living will, which is a form of an advance directive. Specific final arrangements, such as ...
Attorneys routinely receive client funds (commonly referred to as "trust money") to be held in trust for future use. If the amount is large or the funds are to be held for a long period of time, the attorney customarily places these funds in an interest-bearing account for the benefit of the client. However, in the case of amounts that are ...
Ad
related to: list of possible assets for estate trust account software for attorneys