Living trust basics A living trust, specifically a revocable living trust, is a legal document that places your assets--investments, bank accounts, real estate, vehicles and valuable personal property--in trust for your benefit during your lifetime, and spells out where you'd like these things to go upon your death.
They explained that they had overlooked their income from the Prudence Little Living Trust.
The Ryans explained that they had overlooked their income from the Prudence Little Living Trust.
They also received income from the Prudence Little Living Trust, in which Ms. Ryan has an interest.
I was young the way Charles was young, suddenly surrounded by serious wealth, learning a new vocabulary (coxswain? Living trust?), trying to pass.
I could go on and discuss the cost of burials or setting up a living trust in case you predecease your pet.
"Robert Frank: Living Trust" is at Pace/MacGill Chelsea, 534 West 25th Street, (212) 929-7000, through Feb. 25. "Robert Frank: Selected Works 1948-61," is at the Laurence Miller Gallery, 20 West 57th Street, (212) 397-3930, through March 1.
If you have set up a living trust — a way to provide for yourself financially and to transfer assets to friends or family after your death instead of having them distributed under the terms of a will — you should carefully distinguish between the responsibilities of the trustee and those of the agent, Mr. Katzenstein said.
Skim your will and living trust for phrases like "that portion," "that fraction" or "that amount" (without specifying how much).
(Beware of trust mills run by nonlawyers or of anyone who tells you a living trust itself will save you estate taxes).
