revocable trust

For instance, do you have a will and a living revocable trust in place?

They're held in a revocable trust that pays me quarterly dividends.

"We have seen an increase in the establishment of revocable trusts by co-op owners," he said.

Note, however, that revocable trusts are not completed gifts for gift and estate tax purposes.

One option is a revocable trust that spells out for the trustee just how your assets should be managed.

Given how quickly stocks have gone down recently, securities placed in a revocable trust could be sold to keep them from depreciating in that time.

A revocable trust is one in which assets are owned by the trustee, but the settlor reserves a power of revocation.

Revocable trust.

Such trusts must be irrevocable (a revocable trust will not provide asset protection because and to the extent of the settlor's power to revoke).

Revocable trust accounts (containing the words "Payable on death", "In trust for", etc.)

For a revocable trust, the grantor retains the power to direct transactions for the trust, even if a third party serves as the trustee.

The greatest concern, he said, was with a change in the rules governing revocable trust or testamentary accounts, where a husband and wife name each other as beneficiary.

Any Grantor of a revocable trust would implicitly hold this power with a third-party trustee, given their power to amend or revoke the trust.

For example, a living trust is often an express trust, which is also a revocable trust, and might include an incentive trust, and so forth.

The owner of a revocable trust account is generally insured up to $250,000 for each unique beneficiary (subject to special rules if there are more than five of them).

With the stock market gyrating, putting some assets in a revocable trust which lacks the same tax protection gives an executor of an estate more flexibility to manage the assets.

According to the agreement and individuals involved in the negotiations, a revocable trust worth about $8 million to which Mr. Marshall had access will be returned to Mrs. Astor.

I put it away in a revocable trust fund, in hopes that Oliver would take me up on my offer to come stay with me while he gets his life back in order.

A revocable trust is one in which the settlor retains the ability to alter, change or even revoke the trust at any time and remove funds from it at any time.

Living trusts can be irrevocable (can't be changed) or revocable (can be changed) although revocable trusts don't receive the same tax shelter benefits as irrevocable ones do.

Revocable trusts are becoming increasingly common in the US as a substitute for a will to minimize administrative costs associated with probate and to provide centralized administration of a person's final affairs after death.

"Property acquired from the decedent" under IRC 1014(b) generally includes property acquired by bequest, devise or inheritance, property the decedent gives to his or her estate, and certain revocable trusts.

In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed.

Brent Redstone refused, the suit says, while Shari agreed, and in exchange her father gave her a revocable trust agreement that would allow her to change her mind and subsequently favored her, while retaliating against her brother.

The elective share in Florida gives a surviving spouse 30% of the elective estate, which includes all property owned by the decedent, property given away within one year of death, property inside a revocable trust (also known as a Living Trust), and pay on death accounts.