Settlors initiate and fund revocable trusts, crucial for asset distribution without probate. They must manage trust assets, define rules, and handle taxes on trust income. Settlor errors like not ...

It is essential (not just a suggestion) that if a tax reimbursement clause is included in a trust agreement that the trustee not be mandated by the trust to reimburse the settlor for taxes paid on ...

A trust checking account is a bank account held by a trust, allowing trustees to pay incidental expenses and disperse assets ...

People who have trusts as part of their estate plans typically will need to show the trust agreement when conducting business ...

The trustee must always administer the trust assets in the best interests of the beneficiaries. A trust is established when the owner of assets, the settlor, transfers or 'settles' assets upon a ...

There are different types of trusts available, and a blind trust acts as its name implies. “A blind trust is one where the settlor gives an independent trustee the unbridled discretion over the ...

Trusts can be set up during the settlor’s lifetime or through a will. What are the four major types of trusts? What are the four major types of trusts? There are four major types of trusts: Fixed ...