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The post Trust Fund vs. Will for Estate Planning appeared first on SmartReads by SmartAsset. A trust fund is a legal entity that holds and manages assets on behalf of another individual or ...
A will works just fine for most people, while trusts are geared toward those with more assets and unique or complex estate issues.
Estate planning isn't exactly the sort of thing most people like to think about over their morning coffee. Pondering your mortality -- not to mention what will happen to your assets and property ...
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 ...
Fixed trust: The entitlement of the beneficiaries is fixed by the settlor. The trustee has little or no discretion. Common examples are: a trust for a minor ("to x if she attains 21"); a 'life interest' ("to pay the income to x for her lifetime"); and; a 'remainder' ("to pay the capital to y after the death of x")
For example, say that you have a special needs child who requires constant care. ... Weighing the merits of a trust vs. will in Florida can help you to better understand where each one might fit ...
The term is often used to describe a trust established during one's lifetime, i.e., an inter vivos trust as opposed to a testamentary trust that is established on one's death, usually as part of a will. An inter vivos trust, by definition, includes both revocable and irrevocable trusts. [2]
Choosing between a will and a trust depends on your individual circumstances and the complexity of your estate. Consulting with an estate planning attorney can help you determine the best option ...