... trusts and other non-probate transfers such as joint ownership, P.O.D. transfers and other beneficiary designations Revocable Living Trusts Can: ...
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Living trusts enable you to control the distribution of your estate, and certain trusts may enable you to reduce or avoid many of the taxes and fees that will be imposed upon your death. http://www.elliottandassoc.net A trust is a legal arrangement under which one person, the trustee, controls property given by another person, the trustor, for the benefit of a third person, the beneficiary. When you establish a revocable living trust, you are allowed to be the trustor, the trustee, and the beneficiary of that trust. When you set up a living trust, you transfer ownership of all the assets you’d like to place in the trust from yourself to the trust. Legally, you no longer own any of the assets in your trust. Your trust now owns these assets. But, as the trustee, you maintain complete control. You can buy or sell as you see fit. You can even give assets away.
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... is counted as income in determining patient responsibility Transfers to irrevocable trusts may trigger transfer penalty Revocable living trusts DO NOT protect ...
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Part Three: Foundations Examples of Successes leading to a New Indian Policy This Powerpoint is subject to continuous revisions. Written and Revised by Scott Fritz ...