Can a trust be the owner of a 529 plan?

Answer According to the Morningstar Advisor, a trust designated to make discretionary disbursements for education expenses may open a 529 plan for an someone. The trust is not permitted to be the benefici... Read More »

Top Q&A For: Can a trust be the owner of a 529 plan

Can a trust be the owner of an S corporation?

S-Corporation ownership is not limited to individuals. Section 1361(d)(3) defines the requirements for trust's that hold stock in an S-Corporation. These types of trusts are referred to as QSST's o... Read More »

Who is the owner in a revocable trust?

The grantor is the owner of the assets or estate in a revocable trust. A revocable, or living, trust allows the grantor to maintain the option of dissolving or changing the terms of the trust and a... Read More »

What happens to a house that is in a living trust when the owner dies?

Living trusts are preferred by those who wish to avoid probate, which can be timely and costly. With a trust, an appointed trustee transfers property ownership to a specified beneficiary, usually w... Read More »

How to Plan a Living Trust?

Planning for a living trust involves thinking through all the required elements for a legal trust, including naming a trustee and a beneficiary, identifying property for the trust, and creating a w... Read More »