{"id":433,"date":"2007-01-03T15:38:31","date_gmt":"2007-01-03T19:38:31","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/shlep\/2007\/01\/03\/learn-about-living-trusts\/"},"modified":"2007-01-03T15:45:56","modified_gmt":"2007-01-03T19:45:56","slug":"learn-about-living-trusts","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/shlep\/2007\/01\/03\/learn-about-living-trusts\/","title":{"rendered":"learn about living trusts"},"content":{"rendered":"<p><a href=\"http:\/\/www.halt.org\/\">HALT<\/a> has created a free, 9-page, online guide <a href=\"http:\/\/www.halt.org\/self_help_resources\/internet_brochures\/bw\/Living_Trusts_BW.pdf\"><strong>Living Trusts: A Primer<\/strong><\/a>\u00a0to help you decide whether a living trust is a good fit\u00a0in your estate planning.\u00a0\u00a0Property placed in a living trust passes directly to your beneficiaries without first having to go through probate. &#8220;This brochure explains how trusts work, describes different kinds of trusts and mentions things you should keep in mind when considering whether to create a trust for your assets.&#8221;<\/p>\n<p>The topics covered include:<\/p>\n<ul>\n<li>What is a living trust?<\/li>\n<li>Should I create a trust?<\/li>\n<li>What are the major benefits of a revocable living trust?<\/li>\n<li>Will a living trust reduce taxes?<\/li>\n<li>What information is included in a living trust?<\/li>\n<li>How do I put my assets into a trust?<\/li>\n<li>How will my assets be distributed?<\/li>\n<li>Does a trust shield my assets from creditors?<\/li>\n<li>What are special-purpose trusts?<\/li>\n<li>How can I create a living trust?<\/li>\n<li>Does a living trust cover all my estate planning needs?\u00a0\u00a0<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"15\" alt=\"tinyRedCheck\" src=\"http:\/\/blogs.law.harvard.edu\/shlep\/files\/2006\/12\/tinyredcheck.gif\" width=\"18\" \/>\u00a0Note: The\u00a0HALT brochure gives an appropriate warning about &#8220;Living Trust Mills&#8221; and Scams:<\/p>\n<blockquote><p>&#8220;While living trusts are great estate planning tools, they\u2019re not for everyone.Take your time making your decision and base it on information you get from a reputable source such as one of the do-it-yourself living trust products recommended by HALT, a financial advisor, or an estate planning attorney. If you have been a victim of a living trust scam or someone is pressuring you to purchase a trust, contact your state or local consumer protection office, a local office of the Better Business Bureau, or the Federal Trade Commission at 877-FTC-HELP.\u00a0<\/p><\/blockquote>\n<p>You can learn more about <a href=\"http:\/\/www.nolo.com\/resource.cfm\/catID\/9F594B71-B41B-4513-923BF19B4D9ACDAA\/309\/227\/\">Living Trusts at Nolo.com<\/a>, where you&#8217;ll find a Living Trust FAQ, and information on how and why to <a href=\"http:\/\/www.nolo.com\/article.cfm\/ObjectID\/77E7ADF9-EC13-4136-AD84B88AB7067E92\/catID\/9F594B71-B41B-4513-923BF19B4D9ACDAA\/309\/227\/ART\/\">avoid probate<\/a>. \u00a0<\/p>\n<p><strong>p.s.<\/strong>\u00a0 You may not need a living trust, but everyone needs a Living Will &#8212; to make your end-of-life care wishes known in writing.\u00a0 Even if you aren&#8217;t the &#8220;New-Year&#8217;s-Resolution-type&#8221; of person, <em>shlep<\/em> urges you to resolve to create (or, if needed, amend) a<em> Living Will<\/em> and <em>Health Care Proxy<\/em> before Valentine&#8217;s Day, for your own peace of mind and that of your loved ones.\u00a0 To make it easy, HALT has brought together links to <a href=\"http:\/\/www.halt.org\/legal_information_clearinghouse\/living_wills\/\">forms for every state<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HALT has created a free, 9-page, online guide Living Trusts: A Primer\u00a0to help you decide whether a living trust is a good fit\u00a0in your estate planning.\u00a0\u00a0Property placed in a living trust passes directly to your beneficiaries without first having to go through probate. &#8220;This brochure explains how trusts work, describes different kinds of trusts and [&hellip;]<\/p>\n","protected":false},"author":437,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[896],"tags":[],"class_list":["post-433","post","type-post","status-publish","format-standard","hentry","category-resources-consumer"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/shlep\/wp-json\/wp\/v2\/posts\/433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/shlep\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/shlep\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/shlep\/wp-json\/wp\/v2\/users\/437"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/shlep\/wp-json\/wp\/v2\/comments?post=433"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/shlep\/wp-json\/wp\/v2\/posts\/433\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/shlep\/wp-json\/wp\/v2\/media?parent=433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/shlep\/wp-json\/wp\/v2\/categories?post=433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/shlep\/wp-json\/wp\/v2\/tags?post=433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}