Posts Tagged: Revocable Trust

Published:
No Comments

When is a Trust Not a Trust?

Similar to the bad joke, “When is a door not a door? When it’s a jar!” Ha! Similarly, but not as punny, we might well say, “When is a trust not a trust? When it’s a Totten trust!” A Totten trust, also known as a savings account trust or a poor man’s will, is not… Read more »

Published:
No Comments

Four Major Ways to Classify Trusts

We dove into the definition of the term “trust” in this blog post. But, that’s just the tip of the iceberg when it comes to learning about the important agreement that’s often used for purposes including estate tax liability reduction, estate property protection, and probate avoidance. There are four standard ways of classifying trusts. Trust Classifications Trusts may be… Read more »