In Mecklenburg County, North Carolina, a Living Trust — Revocable is an estate planning tool that provides individuals with control and flexibility over their assets during their lifetime and ensures seamless asset distribution upon their passing. This type of trust is revocable, meaning it can be modified, amended, or revoked by the trust creator (also known as the granter or settler) at any given time. Mecklenburg North Carolina Living Trust — Revocable allows individuals to place their properties, investments, and other assets into a trust, managed by a trustee of their choosing. This trustee can be the granter themselves, a family member, or a professional trustee appointed for their expertise. Through this arrangement, the granter maintains full control over these assets and can enjoy the benefits of the trust during their lifetime. One of the primary advantages of creating a revocable living trust in Mecklenburg County, North Carolina, is to avoid probate. Upon the death of the granter, assets held in the trust are typically distributed to beneficiaries without the need for court involvement or public disclosure. This allows for a faster and private distribution process, saving time and avoiding probate fees. Additionally, a revocable living trust can provide asset management and protection in the event of the granter's incapacity. If the granter becomes unable to manage their affairs due to illness, disability, or other circumstances, the designated successor trustee can step in and oversee the trust's assets according to the granter's wishes, avoiding the need for a guardianship or conservatorship. While "Revocable Living Trust" is a general term, there are different types or variations of living trusts that individuals in Mecklenburg County, North Carolina, can consider. These include: 1. Individual Living Trust: Created by a single individual (granter) for the sole benefit of themselves and potentially their loved ones. 2. Joint Living Trust: Established by a married couple, allowing them to combine their assets into one trust for the purpose of managing and distributing their joint assets during their lifetimes and after. 3. Testamentary Living Trust: Created under a person's will (revocable until death) to provide detailed instructions on how their assets are to be managed and distributed after their passing. 4. Supplemental Needs Living Trust: Designed to provide financial support and care management for a beneficiary with special needs, without jeopardizing their eligibility for government assistance programs. It is crucial for individuals in Mecklenburg County to consult with an experienced estate planning attorney when considering the creation of a Living Trust — Revocable. These professionals can offer personalized advice, draft the necessary legal documents, and ensure that the trust aligns with the granter's wishes and goals while adhering to North Carolina state laws.
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.Mecklenburg North Carolina Fideicomiso en Vida - Revocable - Living Trust - Revocable
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FAQ
El fideicomiso es un acto juridico por medio del cual una persona entrega a otra la titularidad de unos activos para que los administre y, al vencimiento de un plazo, transmita los resultados a un tercero. Es una herramienta juridica muy utilizada en los negocios y para preservar los patrimonios familiares.
Es un producto financiero que ademas de ser parecido a un plan de ahorro, garantiza que el beneficiario, es decir tu hija o hijo, reciba el dinero acordado para continuar sus estudios en nivel superior aun cuando faltes.
Es un contrato mediante el cual una persona fisica o moral, nacional o extranjera; afecta ciertos bienes o derechos para un fin licito y determinado, en beneficio propio o de un tercero, encomendando la realizacion de dicho fin a una institucion fiduciaria.
Fideicomiso Irrevocable Un Fideicomiso que no puede ser cambiado.
Algunos de los tipos de contrato mas frecuente en el mercado actualmente son: Fideicomiso testamentario.Fideicomiso como medio de pago.Fideicomiso de planeacion patrimonial.Fideicomiso estructurado.
Los fideicomisos pueden ayudarte a administrar tus activos, pero tambien los puedes usar para asegurarte de que tu patrimonio se distribuya cuando ya no estes, de acuerdo con tus deseos, para entregar seguridad a tus seres queridos, permitiendo que ahorren dinero y tiempo en papeleo y tramites.
Un fideicomiso en vida revocable (conocido en ingles como un revocable living trust) es un documento legal que le da la autoridad para tomar decisiones sobre el dinero o los bienes de otra persona mantenidos en un fideicomiso.
Es un contrato por medio del cual una persona llamada fideicomitente (deudor) transfiere bienes a otra denominada fiduciario para que dichos bienes sirvan de garantia a una obligacion contraida con otra persona denominada beneficiario (acreedor).
Ejemplo de que es un fideicomiso Por ejemplo, si un abuelo quiere dejar una herencia a su nieto sin necesidad de pasar por los padres, lo que hace el abuelo es contratar una empresa fiduciaria para que le administre los bienes a su nieto.