living trust

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Related to living trust: living will, Irrevocable trust
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  • noun

Synonyms for living trust

a trust created and operating during the grantor's lifetime

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Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Both bank debts are personally guaranteed by the Quinns and their Quinn Living Trust, which owns the residence.
A living trust can be a dispositive document to supplement or supplant a will, thus avoiding probate, which can be costly and time consuming in some states.
Synopsis: Now in a fully updated seventh edition that includes all of the 2016 tax law changes, "Understanding Living Trusts" is an essential do-it-yourself guide for individuals and families with all size estates.
Comment: Deal is opposed by Alex Meruelo, who along with Meruelo Investment Partners LLC and Alex Meruelo Living Trust beneficially owns approx.
We have mirrored wills but have been told a "revocable living trust" may be better but we don't know the difference.
For credit unions, the shift toward defined contribution plans such as 401(k) s and 403(b)s opens up an opportunity to meet the needs of boomers through living trusts and related services.
Client couples who are considering establishing a living trust should know what their options are, and to those with existing shared living trusts may also appreciate hearing about the benefits of a shared trust.
The Evan Guthrie Law Firm practices in the areas of estate planning probate wills living trust special needs trusts personal injury accident and divorce and family law and entertainment law.
Any items that Beth has not transferred to her living trust will have to go through probate.
The CAA powerhouse whose clients include James Cameron and Sandra Bullock bought the 3,468 s/f, four bedroom using a Living Trust, which can help property owners save money on taxes.
Property that passes through an executor's hands is subject to executor's commissions and probate court costs, but property including life insurance proceeds received by the trustee of a revocable living trust is not, and therefore, may go to the family at lower cost.
Howard Marshall II executed a pour over will and revocable living trust, and titled most of his business assets into the revocable living trust.
The "pour-over will" is typically executed at the same time as the revocable living trust (RLT).
Make Your Own Living Trust, by Denis Clifford (Nolo, 2009), provides material on all aspects of creating and maintaining a living trust.