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Grantor of a Trust

Question of the Day on ElderCareMatters.com: "I am an Elder Care Professional with 15 years experience in helping families with their elder care matters. Should I be listed on ElderCareMatters.com?"

Answer:  If you are a professional who helps families plan for or deal with ANY of their elder care matters, then you owe it to yourself to be listed on America's #1 online source for "Elder Care Experts"….

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So if you are a competent, caring elder care professional who helps families with ANY of their elder care matters, then request today an Application for Membership in the national ElderCare Matters Alliance and get listed on ElderCareMatters.com - America's #1 source for "Elder Care Experts" plus information and answers about a wide range of elder care matters.

Phillip G. Sanders, MBA, MSHA, CPA
Founder & CEO
ElderCare Matters, LLC
ElderCareMatters.com

 

 

 

Question of the Day on ElderCareMatters.com: "Do I need a Trust or a Will?"

Michael A. Jensen, Attorney at Law
P.O. Box 571708
Salt Lake City, Utah  84107
801-519-9040
www.UtahAttorney.com
Member of the national ElderCare Matters Alliance, Utah chapter
 
Answer:  Everyone should have a will, but not everyone needs a trust.  Even if you have a trust, you should have a will in order to transfer assets from your personal estate upon death to your trust.  This happens when an asset is purposely or unintentionally left out of the trust and is discovered after the death of a grantor of the trust.  When that happens, the will needs to be probated so that the asset can be transferred to the trust.  When a person has a trust, the associated will is often referred to as a "pour over will" since the will is intended to pour any assets outside of the trust into the trust.