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Archive for Monday, August 19, 2002

Living trust information

August 19, 2002

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A living trust has become a popular estate-planning vehicle that can protect assets from the tax bite and reduce probate costs.

The World Wide Web contains a host of information on living trusts and what they entail. Here are a few sites devoted to the subject:

Federal Consumer Information Center at www.pueblo.gsa.gov/cictext/money/trust-fund/trusfund.htm. It features sections on different trust types, trust benefits and establishing a trust.

Kiplinger.com at www.kiplinger.com/retreport/archives/2000/June/estate.htm. The site discusses the advantages of a living trust and common slip-ups in trust management.

It's Legal! at www.itslegal.com/infonet/wills/Trustliv.asp. The site offers a concise description of a living trust.

Legaldocs at www.legaldocs.com/htmdocs/trubene. htm The site covers living trust cost issues and tax savings.

Quicken.com at www.quicken.com/cms/viewers/article/taxes/25332. The article discusses the necessity of setting up a living trust.

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