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- Grantor Trust
Shields Your Finances and Assets
from the Public Probate Process.
- Pour-Over Will
Ensure All Your Properties Are
Transferred Into Your Living Trust.
- Grantor Trust
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The major duties of the office were to receive and keep state money, maintain accounts of all receipts and expenditures, collect cigarette and tobacco taxes and certain gross-receipts taxes, serve as custodian of securities in trust, receive unclaimed property held in trust, and administer money in a local government-investment pool called TexPool.
Many trusts allow for additional deposits (cash, securities, real estate, etc.) at the direction of the settlor or others, provided the trustee is willing to accept those assets. It can even be funded after death by a "pour-over" provision in the grantor's last will, specifying his or her intent to transfer property from the estate to a trust.
For a related article on the former office, see entry on Texas State Treasurer. Pages in category "State treasurers of Texas" The following 9 pages are in this ...
A trust is a document that allows you to keep control of your money and property and designate who receives it once you die. “Revocable” means you can change the terms at any time while you ...
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The post Differences Between a Living Trust and a Will in Texas appeared first on SmartReads by SmartAsset. Estate planning is the process of arranging for your assets and property to be ...
The property subject to the trust must be clearly identified (Palmer v Simmonds). One may not, for example state, settle "the majority of my estate", as the precise extent cannot be ascertained. Trust property may be any form of specific property, be it real or personal, tangible or intangible. It is often, for example, real estate, shares or cash.
Municipal funding sources are commonly property tax, sales tax, income tax, utility users tax (UUT), transient occupancy tax (hotel occupancy), and user fees such as licensing and permit fees. Many Treasurers are elected, and are therefore directly accountable to their constituents; the remainder are appointed either by City Council or City ...
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