Our Final Journey

Living & Other Trusts

Home
INDEX Page
Tools For Viewing
Let's Talk About It
Section 1 - Assistive Technology
Section 2 - Divorce Issues
Section 3 - Drugs/Medications
Section 4 - Checklist, Documents, Forms
Section 5 - Employment Issues
Section 6 - Estate Planning
Advanced Directives & DNR's
Section 7 - Caregiver Resources
Patient Quality of Life: Should Doctors Guess It?
Incontinence Care
Section 8 - Children Seriously Ill
Children of The Chronically Ill
Siblings of Children with Special Health Needs
Guides To Disability Issues
End Stage Hospital & Home Care
Child With A Serious Illness
Individual Family Service Plan (IFSP)
Camps-Special Needs Children
Children's Wish Foundations
Section 9 - For Kids
Section 10 - Family Resources
Section 11 - Patient Resources
Section 12 - Financial Aids
Section 13 - Insurance
Long Term Care Insurance
Section 14 - Legal
Section 15 - Long Term Care
Section 16 - Symptom Support
Section 17 - End of Life
Section 18 - Funeral Planning
Section 19 - After Death Occurs
Guestbook
Hospice FAQS
Symptom Support
Behavoir Strategies
Ill Person's Feelings
Caregiving & Family Harmony
Caregiver Grief ~Article
End of Life
Comforting A Dying Person
End Stages of Life
When Someone Dies
Funeral Planning
Bereavement Fares and Discounts
Common Bonds of Caregiving
Tips For Helping Your Friend
About me
Free Greeting Cards
Estate Planning Definition
Living & Other Trusts
Wills & Beneficiaries
State Laws On Wills
Conservator~Guardianship Definitions
Conservator~Guardianship
Insurance Issues
Avoiding Probate
Prescription Drug Program I
Prescription Drug Cards II
Disability & SSDI Insurance Questions
Long Term Care Insurance
Employment Issues
Divorce Issues
State Laws-Statutes
Legal
Documents
Making A Personal File
Emergency Info Form
Emergency Planning
Health Care Surrogate
Forms, Checklist
Family Resources
Patient Resources
Rehab Tools-Assistive Tech. Categories
State Map-Ombudsman Program
NH Your Rights-Fact Sheets
Nursing Homes and Your Rights - Factsheets for some seriously ill or their caregivers.
Long Term Care-Facts & Rights
State & Federal Resources
Drug Resources
Grief & Sorrow
When death nears - Signs and Symptoms
Some Facts About Artificial Nutrition and Hydration
Things To Consider-Artificial Nutrition and Hydration
Living & Other Trusts Resources
Definition
Trust
A legally recognized arrangement where one or more persons (trustees)
take title to property to hold it for the benefit of another person (beneficiary).
Living trusts are hot, but you may not need one  - From CNBC-Living trust.  Loving trust.  Revocable trust.  Whatever you call it, its received far too much hype for its value.  Is this trust the solution for every-one's estate problems, as some might suggest? Not really.
 
Pros
1. Allows you to transfer assets.
2. Allows you to name successor trustees.
3. Avoids probate court for assets.
4. Can save on estate costs.
5. Effectively deals with assets in other states.
 
Cons
1. Requires you to "retitle" assets.
2. Can be costly for modest-sized estates.
3. Sometimes sold to people who don't need it.
4. Does not replace a will.
 
From CNBC
Nolo.law Center
A trust is an arrangement under which one person, called a trustee, holds legal title to property for another person, called a beneficiary. You can be the trustee of your own living trust, keeping full control over all property held in trust
Do You Need a Lawyer to Make Your Will? - Nolo  Even if you've decided to make your own will, you may feel a little uneasy about the process. After all, a will is an important legal document  --  shouldn't you seek a lawyer's help?  That depends on your situation. If you're like most people, you won't need a lawyer; preparing your document will be a fairly easy task. Most people can make a will without a lawyer's help. Here's why. 
 
Auntie Nolo Questions & Answers

Email Webmaster ~ Jean E. Miller