An irrevocable living trust is a trust set up during the lifetime of the grantor that cannot be changed once it is set up, reports Nolo. Irrevocable living trusts are commonly set up to reduce or eliminate taxes or prote... More »

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People can set up a family trust by reviewing the types of trusts, choosing a trustee and beneficiaries and meeting with a qualified attorney and tax adviser to complete the legal document, state CNN.com and MetLife.com.... More »

www.reference.com Business & Finance Financial Planning

Benefits of family trusts include avoiding the probate process, protection from legal challenges and avoiding a conservatorship, says Nolo. The different types of trusts a person can set up include revocable trusts, irre... More »

www.reference.com Business & Finance Financial Planning

A revocable living trust is created through the grantor's signature on a living trust document and the transfer of all property into the name of the trust, according to Nolo. The grantor is the individual for whom the tr... More »

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According to the rules of a special needs trust, the grantor creates a document to put assets in the control of a trustee, who uses them to help the person with special needs, reports Nolo. The grantor then opens an acco... More »

www.reference.com Business & Finance Financial Planning

A living trust is a document that places a person's assets into a trust throughout his lifetime. The assets are given out to beneficiaries designated by the person who created the trust at the moment of his death. A livi... More »

www.reference.com Business & Finance Financial Planning

Ways to create a will that avoids probate include creating a revocable living trust, having pay-on-death accounts, having a joint ownership of property and giving property away while still alive, according to Nolo. It's ... More »

www.reference.com Business & Finance Financial Planning