Posts Tagged ‘beneficiary’

What Is A Special Needs Trust?

Special Needs Trust Explained

A special needs trust provides for the care of a beneficiary that is unable to care for themselves. It is often set up to provide for disabled people. It can also be set up to anticipate the needs of an elderly parent. In some cases, a special needs trust could be utilized to include treatment…

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Definition of Living Trust (Revocable Trust)

Living Trust Definition

A living trust is the same as a revocable trust, a revocable living trust, and an inter vivos trust. Think of a trust as a third-party beneficiary contract where you have a trustmaker, grantor, settlor, or settlors who form a trust, basically as an agreement with a trustee party to provide for beneficiaries. Often when…

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Definition of Living Trust (Revocable Trust)

Living Trust Definition

A living trust is the same as a revocable trust, a revocable living trust, and an inter vivos trust. Think of a trust as a third-party beneficiary contract where you have a trustmaker, grantor, settlor, or settlors who form a trust, basically as an agreement with a trustee party to provide for beneficiaries. Often when…

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