Wills & Trusts

Trusts Involve Continuous Work Each Year of Their Operation

One of the most forgotten aspects of trusts is that they require that a person or persons perform work in many instances each year. For example, some person must complete the change of title to each piece of property, notify insurance companies of such changes, change the bank accounts, register the change in securities and a number of other tasks. Thereafter, each year the trust must file a separate federal and sometimes state tax return, or at least a special schedule to your tax return. An accounting of profits and losses must be performed. Thus, you ought to make sure that the value of the assets is significant to merit the expenditures which will be incurred each year.

Wills & Trusts
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  

19  20  21  22  23  24  25  26  27  28  29  30  31  32  33  
Sections Available in

The Law
  in Your Life
Elder Care
Family Health
  Legal Library
Access Financial
Credit, Debt and Budgeting
Small Claims &
  Consumer Help
Domestic Violence
Anatomy of a Case
Legal Document
  Library
  Bankruptcy