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How to Share Revocable Living Trust

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In this tutorial, Darcel Lobo outlines how to fund a revocable living trust. A revocable living trust is an estate planning tool that allows for the management and distribution of assets without the need for probate, which is a key advantage over a will. For the trust to function effectively, it must hold the assets it is intended to manage. Lobo emphasizes that part of creating a comprehensive estate plan includes funding the trust with the client's assets at the outset. He begins to discuss the process for funding the trust, particularly for real estate owned in the client's name.

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Got questions?

Here are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What are the disadvantages of a revocable living trust?

Some of the Cons of a Revocable Trust Shifting assets into a revocable trust wont save income or estate taxes. No asset protection. Although assets held in an irrevocable trust are generally beyond the docHub of creditors, thats not true with a revocable trust.

What is a share trust?

Equity trusts (also known as share trusts) allow you to invest in a wide range of shares listed on a stock exchange by pooling your money with other peoples money. The aim of an equity trust is usually to provide a medium level of income and long term growth. A wide variety of equity trusts are available.

Should a married couple have a joint trust or separate trusts?

In general, most experts agree that Separate Trusts can provide more asset protection. Joint Trust: Marital assets are all together in a single trust. This means theres less asset protection, because if theres ever a judgment over one of the spouses, all of the assets could end up being at risk.

Who owns the shares in a trust?

The shareholder of the shares will be the trustee as trustee for the trust. This is because a trustee holds assets on behalf of the trust.

Can shares be held in the name of a trust?

However, shares can be registered in the name of a trust or co-operative society, if it is registered. Hence, a registered trust or co-operative society can become a shareholder in a company.

What is the primary purpose of a revocable living trust?

A revocable trust provides a way to ensure the continued management and preservation of your assets, should you die or become incapacitated, and allows the avoidance of a probate court proceeding after your death.

What is employee share trust?

An employee share plan trust is a trust set up between the Company and the Trustee for the purpose of acquiring and safekeeping of the Companys shares, under an employee share plan.

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