What Is the Settlor of a Trust?
Do you have questions like what is a settlor of a trust? AmeriEstate provides answers in this comprehensive look at the meaning of settlor in a trust.
A California Trust Administration Checklist
The period of time directly after a loved one's death is stressful. If the deceased named you in charge of their trust in the state of California, an additional responsibility you have is controlling the trajectory of the trust.
Menaced Out of Her Home: the Marcie Shield Saga
Sometimes, we can be too clever for our own financial well-being. Most people want to avoid taxation as much as possible while maximizing their availability of their assets: this is human nature. However, this thinking can (and has!) put thousands of Americans in legal hot water or less-than-desirable situations.
The Difference Between a “Grantor, Settlor, and Trustor” of a Trust
Since there is so much terminology involved with trusts, it is easy to become confused. Many trusts refer to "grantors" and “settlors” and "trustors," and you may wonder what role these play in your estate planning. The good news is that the basics are very simple: these are actually interchangeable terms. Essentially, these terms refer to the entity or person who created the trust. In essence, the person who holds this role makes all the decisions regarding the trust, including what goes into the trust, who the beneficiaries of the trust are and how the law will disseminate any inheritance from the trust.
Decanting May Allow Trustees to Fix a Damaged Trust
By: Thomson Reuters, AmeriEstate Legal Plan, Inc. When a trust is irrevocable, you might think it can't be changed — even […]
What Type of Living Trust Should I Have?
One of the key goals of estate and Trust planning is to avoid federal estate taxes.
Top 5 Mistakes When Naming Beneficiaries of Insurance Policies
Protecting Your Goals and Your Loved Ones Naming the beneficiaries of an insurance policy seems likes an easy thing to […]
Five Reasons to Update Your Estate Plan
Important Reasons to Review and Update Your Estate Plan Let’s assume you are among the approximately 30% of adults who […]
Definition of a “Grantor, Settlor, or Trustor” of a Trust
Definition of a “Grantor, Settlor, or Trustor” of a Trust These terms are often interchangeable. The Grantor, Settlor, or Trustor […]
Important Documents Related to Final Distribution of a Trust Estate
Important Documents Related to Final Distribution of a Trust Estate NOTICE OF PROPOSED ACTION In the course of settling a […]