Phillip Alleva

Phillip Alleva

Evil web scholar. Total zombie guru. Infuriatingly humble zombie ninja. Typical music expert. Friendly travel expert. Hipster-friendly pop culture expert.

43 Total Posts
Understanding Revocable Living Trusts: What They Are and How They Work

Understanding Revocable Living Trusts: What They Are and How They Work

A revocable living trust is a trust that is established and funded during a person's lifetime, and which they have the...

What is a Revocable Living Trust and How Does It Work?

What is a Revocable Living Trust and How Does It Work?

A revocable living trust is a legal arrangement that allows an individual (the trustor, settlor, or grantor) to transfer...

How can you tell if a trust is revocable or irrevocable?

How can you tell if a trust is revocable or irrevocable?

The grantor can change a revocable trust at any time during its life, as long as it is competent. Generally, an...

What Makes a Revocable Living Trust Legally Binding?

What Makes a Revocable Living Trust Legally Binding?

Creating a revocable living trust (RLT) is a popular estate planning tool that allows an individual to decide who will...

How to Protect Your Assets with a Revocable Living Trust

How to Protect Your Assets with a Revocable Living Trust

A revocable living trust is an essential part of any estate plan designed to protect your family's assets from the costs...

Who Can Set Up a Revocable Living Trust? - An Expert's Guide

Who Can Set Up a Revocable Living Trust? - An Expert's Guide

As an expert in the field of estate planning, I'm often asked who can set up a revocable living trust. The answer is...

The Advantages and Disadvantages of a Revocable Living Trust

The Advantages and Disadvantages of a Revocable Living Trust

A revocable living trust is a type of agreement that allows you to manage and distribute your assets during your life and ...

The Benefits of Placing Your Home in a Revocable Trust

The Benefits of Placing Your Home in a Revocable Trust

Placing your home in a trust can provide you with more control over your estate and can help you avoid the costly and...

Understanding Revocable Living Trusts: What They Are and How They Work

Understanding Revocable Living Trusts: What They Are and How They Work

A will only takes effect after your death, while a revocable living trust can manage your assets over your lifetime if...

What is a Revocable Living Trust? - An Expert's Guide

What is a Revocable Living Trust? - An Expert's Guide

A revocable living trust is a legal document that gives an individual the power to make decisions regarding the money or...

Creating a Revocable Living Trust: A Comprehensive Guide

Creating a Revocable Living Trust: A Comprehensive Guide

A revocable living trust is a legal document that allows you to manage your assets during your lifetime and distribute...

Does an Irrevocable Trust Protect Assets from Nursing Homes?

Does an Irrevocable Trust Protect Assets from Nursing Homes?

A revocable living trust will not protect your assets from a nursing home. This is because the assets of a revocable...

The Benefits of Placing Your Home in a Revocable Trust

The Benefits of Placing Your Home in a Revocable Trust

Placing your house in a revocable trust can provide you with more control over your estate and help you avoid the lengthy ...

When Does a Revocable Living Trust Terminate?

When Does a Revocable Living Trust Terminate?

The most popular type of trust is a revocable living trust, and most of these trusts close 6 to 12 months after the...

Will vs Revocable Living Trust: What You Need to Know

Will vs Revocable Living Trust: What You Need to Know

When it comes to estate planning, one of the most important decisions you can make is how to manage your assets. Should...

Abbreviating a Revocable Living Trust: A Comprehensive Guide

Abbreviating a Revocable Living Trust: A Comprehensive Guide

A revocable trust is a type of trust that allows the grantor, or originator, to modify or cancel its provisions depending ...

Amending a Revocable Living Trust: A Comprehensive Guide

Amending a Revocable Living Trust: A Comprehensive Guide

Making changes to an active trust is possible with a trust amendment form. An amendment to an active trust allows you to...

Do You Need a Revocable Living Trust? - An Expert's Guide

Do You Need a Revocable Living Trust? - An Expert's Guide

Revocable trusts are a great way to keep your records and asset information private after you pass away. The succession...

Can a Revocable Trust Be Changed? An Expert's Guide to Modifying Your Trust

Can a Revocable Trust Be Changed? An Expert's Guide to Modifying Your Trust

When it comes to estate planning, a revocable trust is a popular option for many people. It allows the grantor to...

Asset Protection Through Revocable and Irrevocable Trusts: A Comprehensive Guide

Asset Protection Through Revocable and Irrevocable Trusts: A Comprehensive Guide

When it comes to safeguarding your assets from potential lawsuits, a revocable trust may not be the most effective...

How to Name Your Revocable Living Trust

How to Name Your Revocable Living Trust

Naming a trust can be a tricky process, as it is essential to make sure that the name is both unique and memorable. One...

Funding a Revocable Living Trust: What You Need to Know

Funding a Revocable Living Trust: What You Need to Know

Funding a revocable living trust (RLT) is an essential step in making sure that the trustor's assets are managed...

The Pros and Cons of Revocable Living Trusts: An Expert's Perspective

The Pros and Cons of Revocable Living Trusts: An Expert's Perspective

Revocable living trusts are a popular estate planning tool, but they come with both advantages and disadvantages. The...

Who Owns a Revocable Living Trust? - An Expert's Guide

Who Owns a Revocable Living Trust? - An Expert's Guide

Planning for your family's future is essential, no matter the size of your assets. Establishing a trust can be a great...

The Benefits of Using a Revocable Living Trust for Estate Planning

The Benefits of Using a Revocable Living Trust for Estate Planning

A revocable living trust is a popular estate planning tool that can be used to determine who will keep your property when ...

The Benefits of Having a Revocable Living Trust: An Expert's Perspective

The Benefits of Having a Revocable Living Trust: An Expert's Perspective

A revocable living trust is a type of trust that can be modified or even dissolved if your circumstances change. It gives ...

When is a Revocable Living Trust Needed? A Comprehensive Guide

When is a Revocable Living Trust Needed? A Comprehensive Guide

An active trust is a legal document that can help you avoid probate legalization, minimize estate taxes, and support your ...

The Difference Between Revocable and Irrevocable Trusts

The Difference Between Revocable and Irrevocable Trusts

When it comes to estate planning, two of the most common options are creating a will or setting up a trust. A trust is a...

What is the Purpose of a Revocable Living Trust? - An Expert's Guide

What is the Purpose of a Revocable Living Trust? - An Expert's Guide

People create a revocable living trust to give someone else the power to make financial decisions on their behalf, in...

Tax Implications of a Revocable Living Trust

Tax Implications of a Revocable Living Trust

A revocable living trust (RLT) is an entity excluded from taxation. This is because, as long as the grantor is alive, the ...

Who Needs a Revocable Living Trust? - An Expert's Perspective

Who Needs a Revocable Living Trust? - An Expert's Perspective

For those who want to keep their records and asset information private after their death, a revocable trust is an ideal...

What is a Revocable Living Trust and How Does It Work?

What is a Revocable Living Trust and How Does It Work?

A revocable living trust is a popular estate planning tool that allows you to determine who will inherit your property...

Are all trusts revocable or irrevocable?

Are all trusts revocable or irrevocable?

The two basic types of trusts are a revocable trust, also known as a revocable living trust or simply a living trust, and ...

What Happens to a Revocable Trust When the Owner Passes Away? - An Expert's Guide

What Happens to a Revocable Trust When the Owner Passes Away? - An Expert's Guide

When the grantor of a revocable living trust passes away, the trust becomes irrevocable. This means that no one can...

Do Revocable Living Trusts Need an EIN?

Do Revocable Living Trusts Need an EIN?

It's important to have this for filing tax returns. Revocable trusts don't necessarily require an EIN, since you can use...

The Advantages and Disadvantages of a Revocable Living Trust

The Advantages and Disadvantages of a Revocable Living Trust

A revocable trust is a type of trust that allows the grantor to modify or revoke it at any time. This is the main...

Is a Revocable Living Trust a Good Idea? - Benefits and Drawbacks

Is a Revocable Living Trust a Good Idea? - Benefits and Drawbacks

One of the many great reasons to have a revocable living trust is if you own property in more than one state. Without a...

How to Modify a Revocable Living Trust: A Comprehensive Guide

How to Modify a Revocable Living Trust: A Comprehensive Guide

Making changes to an active trust is easy with a trust amendment form. An amendment to an active trust allows you to make ...

The Pros and Cons of a Revocable Living Trust: An Expert's Perspective

The Pros and Cons of a Revocable Living Trust: An Expert's Perspective

Transferring assets to a revocable trust will not save income or estate taxes. While assets held in an irrevocable trust...

The Advantages of Establishing a Revocable Living Trust

The Advantages of Establishing a Revocable Living Trust

People create a revocable living trust to give someone else the power to make financial decisions on their behalf, in...