Video Summary

A Living Trust is a document signed during someone’s life that generally makes legal provision for the way his or her assets are to be used during the individual’s life time as well as for who is to receive those assets upon his or her death. A will, on the other hand, does not take effect until a person passes away. Either document can be modified at any time during the person’s lifetime. Many choose to set up a trust because it is not subject to the probate process after the individual’s death. It is also important to note there there are revocable and irrevocable trusts.

• How Do I Know If I Am a Beneficiary of a Trust?
• What Kind of Decisions Can a Health Care Proxy Make?
• What are the Responsibilities as a Trustee of a Trust?
• How Long Will It Take to Create Estate Planning?
• When Someone Passes, What Happens to Their Bank Account?
• What are the Responsibilities as a Trustee of a Trust?
• Even If I Have a Will, Should I Still Consider a Living Trust?
• Why Would a Trust Be a Bad Idea?
• I Place My Assets In a Trust Are They Protected From My Creditors?
• What Is a Life Insurance Trust?
• What CANNOT Be Held in Trust?
• What Are the Benefits Of Having a Life Insurance Trust?
• What is the Difference Between a Supplemental Trust vs Special Needs Trust?
• Does a Living Trust Avoid Estate and Probate Taxes?
• Can I Use My Mother’s Power of Attorney, After Her Death to Closes Her Bank Account?
• What Laws or Other Factors are Considered When Distributing Assets Within the Trust?
• What Information Do You Share About Me With Other Beneficiaries?
• What Laws Or Other Factors Are Considered When Distributing Assets Within The Trust?
• Who Else Has Access to The Trust?
• Which Is Better To Have A Will Or A Living Trust?
• Are My Assets Protected If I Place Them In A Trust?
• Will My Assets Be Protected From Creditor Claims, If I Place Them In a Trust?
• What Is A Testamentary Trust
• How Can I Help My Kids Not Spend Their Inheritance After Turning 18
• ARE MY ASSETS PROTECTED FROM CREDITORS IF I SET UP A TRUST
• Revocable Trust Vs. Irrevocable Trust: What’s The Difference
• What Is a Testamentary Deposit Account
• Does Revocable Trust Need a Bank Account
• Why Would I Need to Open a Trust Account
• What Are the Drawbacks of a Living Trust?
• If I Have a Living Trust, Should I Also Have a Will?
• Who Should I Choose as Trustee of My Trust?
• Can I Use My Parents Power of Attorney to Transfer Their Trust Assets?
• When Do My Responsibilities Start as a Trustee?
• Is There a Minimum Value Required To Establish a Trust?
• What Plans Can I Make For My Pets In The Event Of My Passing?
• Should Homestead Property Be Held in a Living Trust?
• May A Trustee Sell Assets Without the Knowledge of the Beneficiary?
• What Can My Special Needs Trust Pay For That Will Not Affect My Disability Payment?
• What Is A Qualified Income Trust?
• What Is A Special Needs Trust?
• Will You Avoid Probate With A Trust?
• What Is A Trustee And Who Should Be A Trustee?
• What Is A Trust?
• Do You Need A Lawyer To Administer A Trust?
• Ask Jaleh: What Is A Miller Trust?
• Ask Jaleh: Who Controls the Money In A Special Needs Trust?
• What Is A Joint Trust And Can I Establish One?
• Does a Designated Trustee Need to Hire a Lawyer?
• What are My Duties as a Trustee of a Trust?
• What is a Special Needs Trust?
• What is a Caregiver Trust?
• Does a Trust Protect My Real Estate From Creditors?
• Should I Put My Homestead Property In My Revocable Trust?
• Do You Understand Your Trust?
• Ask Thomas Mitchell: Is My Trust from Another State Valid in Florida?
• How Often Should I Update My Trust?
• What Assets Can be Named in a Trust?
• Should I Have a Revocable Trust?
• How Can I Set Up a Trust for my Grandchildren?
• What is a Living Trust?
• Trusts Video Index