top of page

Trust Terms

Trust Terms

Please read: 

The rise and fall of Patricia Kulge:

Trust Info.:

Note: The operative word in the statement below is "Scenario". Do your research.

Irrevocable Living Trust: "Scenario" - Update:

Grantor (You)

Beneficiary (You)

Trustee (You)

Successor Trustee (Someone Else)/If anything happens to you, the Trustee.

Meaning: A living trust is a fiduciary relationship created during an individual's lifetime where a designated person, the trustee, is given responsibility for managing that individual's assets for the benefit of the eventual beneficiary.

Definition - Living Trust:

About Trusts:

You have to decide - Irrevocable or Revocable:


***What is a Living Trust:

***If you have a Revocable Living Trust:

***Irrevocable Trust:

***Revocable vs. Irrevocable Trust:

***What is a Trust and What kind of Trust do I need?:

***Using Irrevocable Trust to Protect Assets:

***Wills vs. Living Trust:

***Sure you want a Revocable Trust:

*** Sample Self-Draw plan for a Revocable Living Trust:


***Full Color Flow Chart of Living Trust:

CATA - Custodial Agency Trust Account:

A custodial account is a financial account (such as a bank account, a trust fund or a brokerage account) set up for the benefit of a beneficiary, and administered by a responsible person, known as a legal guardian or custodian, who has a fiduciary obligation to the beneficiary.

bottom of page