Living Trust Archives - William C. Deveneau, Esq. PLC

Difference between an irrevocable trust and a revocable trust

June 17, 2019 // by william

I question I often get is what the difference between an irrevocable trust and a revocable trust, also called a living trust or inter vivos trust. Before we start talking about these trusts, there’s three basic definitions I want to get out there. There’s the person that creates the trust; the person that manages the …

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When a Revocable Trust becomes Irrevocable

This blog post is going to review common situations in which a revocable trust becomes irrevocable. There are more situations and ways that cause a revocable trust to become irrevocable, but this will just talk about the common situations. The common situations are death of the Grantor and incapacitation of the Grantor. A revocable trust …

What are the duties of an Executor

This article or post will describe the duties of an executor. The executor is the person that you appoint to execute all your wishes in your last will and testament. The first thing the executor does is, he or she takes your will and presents it to the probate court in the form of a …

Estate Plans need to be Reviewed Periodically

Today I’m going to talk about when you should be reviewing your estate planning documents, and your estate plan in general. Estate planning is not a set it and forget it thing, you need to review it periodically. Best case scenario, you review it each year, but hopefully you review it at least each three …

Do I have to take what I’m given in a will?

Today I’m going to talk about what to do when a will gives you something you really don’t want, for one reason or another. If a will gives you something you don’t want, you can simply disclaim it and say you don’t want it. Then you don’t get it. The will can’t force you to …

Estate Planning around Addictions

Today we’re going to talk about estate planning when you have a family member or a beneficiary with an addiction issue. These addictions can be from what we commonly think of drugs, alcohol, gambling, or even just spending. There are two main ways that you can deal with these addiction problems. First, you can just …

Difference between an irrevocable trust and a revocable trust

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