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Formulario para realizar un seguimiento de la propiedad transferida a su fideicomiso en vida.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
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Interesting Questions
A living trust is a legal document created by an individual, known as the grantor, to hold and manage their assets during their lifetime and to distribute them to beneficiaries after their death, without the need for probate.
While a will also outlines how assets should be distributed after death, a living trust can be effective during the grantor's lifetime, allowing them to retain control over their assets and avoid probate. A will only becomes effective after death and must go through the probate process.
Retirees may want to consider a living trust because it allows for a smoother transfer of assets upon death, avoids probate, and provides privacy, as trust documents are generally not made public. Additionally, living trusts can be helpful in managing assets during incapacitation or disability.
No, a living trust is not solely for the wealthy. Anyone who wishes to maintain control over their assets and simplify the transfer process can benefit from establishing a living trust, regardless of their wealth. It is especially useful for retirees who want to ensure their assets are distributed according to their wishes.
Yes, a living trust can typically be amended, modified, or even revoked by the grantor during their lifetime. It provides flexibility and allows for adjustments to be made according to changing circumstances or preferences.
Various assets can be placed in a living trust, including real estate properties, bank accounts, investment accounts, stocks, bonds, and personal belongings. However, certain assets like retirement accounts may have limitations or special requirements.
While a living trust can govern the distribution of assets funded into the trust, it is recommended to also have a pour-over will. This will act as a safety net, ensuring any assets not funded into the trust are still distributed according to the grantor's wishes.
The cost associated with setting up a living trust can vary depending on various factors such as the complexity of the estate, attorney fees, and any ongoing trust administration fees. It is advisable to consult an estate planning attorney for an accurate estimate.
The trustee can be the grantor themselves, a family member, a friend, or a professional trustee like a bank or a trust company. It is important to select someone reliable, trustworthy, and capable of managing the trust's assets and following the grantor's instructions.
Upon the grantor's death, the successor trustee takes over the management of the trust. They ensure the assets are distributed to the beneficiaries according to the terms laid out in the trust document, without the need for probate.
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