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An In Depth Review of Michael Jackson's Trust

Part 1 I don't want people to think that I'm obsessed with Michael Jackson. I'm not. However, I am very interested in proper estate planning, and I think that others should be too. The Michael Jackson case is useful because it can show "ordinary" people what to do and what...

Michael Jackson's Revocable Living Trust Posted

I must have missed the news yesterday, but thanks to Julie Garber's Wills and Estate Planning Blog I found out that Michael Jackson's Revocable Living Trust was posted yesterday at the News of the World site. As I have previously written , Michael Jackson had a "pourover" will that...

Gifts You Can Give After Your Lifetime

A previous Oast & Hook article discussed the different gifting options that are available for you. These included gifts of cash, appreciated property, and real estate. This article discusses the different gifting options that are available after your death. These options include bequests in either...

Transferring Assets to a Revocable Trust

Some revocable trusts contain an Exhibit A stating that the assets listed on the Exhibit A are part of the Trust. In many cases, the Exhibit A only lists a token sum such as $100. In some states, a living trust is not valid unless some asset has been transferred to it and the custom of listing a...

Analyzing Community Property Held in a Revocable Trust

Revocable Trusts in community property states often contain a provision stating that community property transferred to the trust by a husband and wife remains their community property within the trust and that separate property transferred to the trust by either spouse remains that spouse's separate...

Revocable Living Trusts: Are they now obsolete?

Currently the Revocable Living Trust is the most popular type of trust for estate planning. With the current estate tax exemption at 5 Million dollars, many have begun to ask if there is a need for such a trust. More over the Revocable Living Trust provides no asset protection. Currently 99.7%...

Standing to Object to Revocable Trust Transactions during Settlor’s Life

Often the settlor of a lifetime revocable trust is the only person who has an interest in the income and principal of the trust during his or her lifetime. Sometimes the settlor of such a trust is the sole trustee or serves with another. In other circumstances, there are trustees other than the settlor...

Have you funded your revocable trust?

What is the difference between a revocable trust that prevents your estate from going through probate, and a revocable trust that's just a stack of papers? The answer: funding your revocable trust . This is an essential step you must take once the ink is dry on your documents. Without proper funding...