Revocable Living Trust In many jurisdictions, trusts cannot be revoked unless the trustor expressly retains the right to revoke. Revocable living trusts allow a trustor to manage his assets, to plan for his incapacity, and to avoid probate. The beneficiary … Continue reading →

This article is the second part of a three-part series describing the traditional names for the various members of one’s family. The first article discussed the phrase “the natural objects of one’s bounty,” which means the closest surviving members of … Continue reading →

As a general rule, a devise, a bequest, a legacy, or a trust in a will may benefit any person or legal entity. One major limitation is that is that a devise, a bequest, a legacy, or a trust in … Continue reading →

Trusts are sometimes classified by the intent, if any, of the settlor to create a trust. This article discusses the kind of trust for which the settlor’s intent is irrelevant: the constructive trust. Defined When, to remedy an injustice, a … Continue reading →

One of the most confusing aspects of estate planning is the numerous myths about co-ownership of property. Many people do not understand the differences between a tenancy in common and a joint tenancy with right of survivorship. Many people do … Continue reading →

Wrong. There are lots of problems with this statement, the most obvious one being that no one can predict the future. As difficult as it is to think about, we don’t know when we are going to die. Having a … Continue reading →