Posts Tagged ‘disability’

Will vs. Trust – A Comparison

When you begin to plan for the future disposition of your estate and assets, the first thing to decide is if you want to set up a will or a trust to guide that process. Compare Benefits of Will-Based vs. Trust-Based Plans There are benefits to both a will-based estate plan and a trust-based plan:…

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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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Living Trust vs. Will

Learn About Estate Plan Documents

Should you have a living trust or a will? Benefits exist for both a will-based estate plan and a trust-based plan. From a cost standpoint, usually a trust-based plan – where the assets are truly coordinated with the trusts – are less expensive, but both kinds of plans do have expenses after death. Usually, a…

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