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2. Estates and Wills: Should You Set Up a Revocable or ... - AOL

   www.aol.com/estates-wills-set-revocable...

   A revocable trust also allows you the freedom to change your mind about the trustees and beneficiaries. If family relationships, friendships, or business relationships change over time, you might ...

3. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   For Federal income tax purposes in the United States, there are several kinds of trusts: grantor trusts whose tax consequences flow directly to the settlor's Form 1040 (U.S. Individual Income Tax Return) and state return, simple trusts in which all the income created must be distributed to one or more beneficiaries and is therefore taxed to the ...

4. Revocable trust vs. irrevocable trust: key differences - AOL

   www.aol.com/finance/revocable-trust-vs...

   However, a revocable trust can provide language to create sub-trusts upon the death of a grantor (e.g. credit shelter or other irrevocable trusts) that can preserve or reduce future estate tax ...

5. Don’t Make This Mistake — Create a Trust Instead of a Will

   www.aol.com/don-t-mistake-create-trust-180010051...

   There are four types of trusts that might suit your needs: irrevocable trusts, revocable trusts, testamentary trusts and living trusts. Living trusts and revocable trusts can be established while ...

6. Trust (law) - Wikipedia

   en.wikipedia.org/wiki/Trust_(law)

   Trusts may be created by the expressed intentions of the settlor also known as the founder (express trusts) [12] or they may be created by operation of law known as implied trusts. An implied trust is one created by a court of equity because of acts or situations of the parties. Implied trusts are divided into two categories: resulting and ...

7. Uniform Trust Code - Wikipedia

   en.wikipedia.org/wiki/Uniform_Trust_Code

   The increased use of trusts in estate planning during the latter half of the 20th century highlighted inconsistencies in how trust law was governed across the United States. In 1993, recognizing the need for a more uniform approach, the Uniform Law Commission (ULC) appointed a study committee chaired by Justice Maurice Hartnett of the Delaware ...