A Trust grants your Trustee the ability to monitor and manage your Trust
Your
Trustee (
Fiduciary) should be able and willing, first and foremost.
Your Trustee should also be attentive and decisive.
Vital is that Trusts can be extremely useful for individuals with Special Needs
Be aware of the types of Trusts
Revocable ~ Created during life ~ Irrevocable upon your death.
Irrevocable ~ Created during life ~ Irrevocable upon their creation.
Testamentary ~ Created under your
Last Will ~ Irrevocable upon your death.
There are many misconceptions with "Living Trusts" in Pennsylvania
Be extremely cautious of "Living Trusts" in Pa
Be extremely cautious of those extol the virtues of "Living Trusts."
Revocable trusts ("Living Trusts") have become popular as Will substitutes
This misconception has arisen by people who tell people to avoid
Probate