Posts Tagged: property

Published:
No Comments

Terrible, horrible, no good, very bad idea of NOT having a Will

What is a Last Will and Testament? A Last Will and Testament certainly sounds like a complex document. But, when boiled down, your will answers just three simple, yet important questions. Who do you want to inherit your assets? A will provides for the orderly distribution of your property at death according to your wishes…. Read more »

Published:
No Comments

Trust Beneficiary: Break it Down

What’s It All For? In Hamilton: An American Musical, a perplexed Alexander Hamilton asks Aaron Burr, “What was it all for?” Regarding trusts, we know that all the work is for the beneficiary. Classic Definition of “Trust” and “Beneficiary” A trust is created when a property owner transfers property to a person with the intent… Read more »

Published:
No Comments

(Legal) Word of the Day: Property

Three Parties I’ve previously written about the three parties necessary for every trust: (1) the settlor (sometimes called the donor or grantor); (2) the trustee; and (3) the beneficiary. Two Other Elements Besides three parties, at least two other elements are necessary for a valid trust. The trust instrument is the document that sets forth… Read more »