Wenjay Sung has two stepchildren and one biological child. His assets include a $3M house, a $1M doctor practice, and ...

With a Revocable Living Trust, you retain control over your assets and retain the ability to make changes to the Trust during ...

There are two basic types of trusts: living trusts and testamentary trusts. A living trust or an "inter-vivos" trust is set up during the person's lifetime. A Testamentary trust is set up in a ...

A Living Trust is a legal document that enables you to leave instructions for who you want to handle your final affairs and how you want your assets distributed after you die. Living Trusts look a lot ...

The grantor may also amend the terms of the trust or its beneficiaries at any point during their lifetime. Also referred to as a living trust, a revocable trust is often used to bypass the time ...

Once a person dies, the living will is no longer in effect. A living trust is another way to pass assets to heirs. These documents might have an incapacity clause, but it typically only appoints ...

Sometimes called a revocable trust, a living trust is created prior to someone’s death. “A revocable trust is created outside of probate,” says Patrick Simasko, elder law attorney and wealth ...

They also have different tax implications. Also known as a living trust, revocable trusts can be altered throughout the grantor's life and even canceled (although technically a living trust doesn ...