What Is a Trust Statement?

Answer Trusts are an important part of an estate planning process, and can save a grantor and his beneficiaries valuable time and money. When the grantor of an estate dies, the responsibility of managing ... Read More »

Top Q&A For: What Is a Trust Statement

Does a beneficiary of a living trust have the right to see the trust?

A beneficiary's right to examine a revocable living trust does not exist until the trustor---the person who made the trust---dies. The beneficiary then has the right to request a copy of the trust ... Read More »

Is a living trust a testamentary trust?

A living trust is not a testamentary trust. A living trust--also known as an "inter vivos trust"--takes effect in the maker's lifetime. In contrast, a testamentary will go into effect only after th... Read More »

My husband signed notarized statement saying his ex could move with their daughter to Canada for temp-employment but the notary only viewed his expired ID is this enought ot invalidate the statement?

In order to be able to work legally in Canada, she ( the adult ) has to APPLY for and be accepted by the Canadian Immigration department, and a minor child has to have proper written permission to ... Read More »

Common Trust Fund Vs. Unit Investment Trust Fund?

Trusts are groups of assets--stocks, bonds, etc.--that provide benefits for an organization, child or other family member. A common trust fund and unit investment trusts are two major categories of... Read More »