{"id":3392673,"date":"2026-07-25T20:59:51","date_gmt":"2026-07-25T20:59:51","guid":{"rendered":"https:\/\/familystockandinvestments.com\/?page_id=3392673"},"modified":"2026-08-05T16:56:57","modified_gmt":"2026-08-05T16:56:57","slug":"3392673-2","status":"publish","type":"page","link":"https:\/\/familystockandinvestments.com\/?page_id=3392673","title":{"rendered":"Will-and-Trust-1"},"content":{"rendered":"\n<p class=\"has-text-align-center has-primary-color has-text-color has-link-color has-x-large-font-size wp-elements-c9394d4800e6aa2bbd884e2d81da512b wp-block-paragraph\">WILLS &amp; TRUSTS<\/p>\n\n\n\n<p class=\"has-text-align-left alignwide has-primary-color has-text-color has-link-color has-large-font-size wp-elements-88bfa8e0e2deaa4943c39d137c9af356 wp-block-paragraph\"><strong>Types of Wills<\/strong>: (<a href=\"https:\/\/familystockandinvestments.com\/?page_id=6743473\">Simple Will<\/a>) , (<a href=\"https:\/\/familystockandinvestments.com\/?page_id=6743473\">Living Will<\/a>) , (<a href=\"https:\/\/familystockandinvestments.com\/?page_id=6743473\">Testamentary Will<\/a>) , (<a href=\"https:\/\/familystockandinvestments.com\/?page_id=6743473\">Pour-Over Will<\/a>)<\/p>\n\n\n\n<p class=\"has-text-align-left alignwide has-primary-color has-text-color has-link-color has-large-font-size wp-elements-f2341301fc55e1ead3a2c67ae3aceb1b wp-block-paragraph\"><strong>Trusts<\/strong>: (Living Trusts) , (Irrevocable Living Trusts) , (Revocable Living Trusts)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"alignwide has-large-font-size wp-block-paragraph\">My personal choice after reviewing and research is the (Revocable Living Trust) as there are many advantages in making this choice:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"alignwide has-large-font-size wp-block-paragraph\">A) With the (Revocable Living Trust) while you are alive, you can make changes to the Trust during the lifetime of the Trustor-Grantor. Once the last Trustor-Grantor dies the Trust becomes an (Irrevocable Living Trust) and can no-longe be modified or changed.<\/p>\n\n\n\n<p class=\"alignwide has-large-font-size wp-block-paragraph\">B) This (Revocable Living Trust) can itemize your assets, both Personal and Real Property &#8220;provided it was properly funded&#8221; to your (Revocable Living Trust).<\/p>\n\n\n\n<p class=\"alignwide has-large-font-size wp-block-paragraph\">C) After the (Revocable Living Trust) Grantor-trustor dies there are some benefits within the now (Irrevocable Living Trust) for the Beneficiaries of the Trust.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"alignwide wp-block-paragraph\" style=\"font-size:clamp(16.834px, 1.052rem + ((1vw - 3.2px) * 0.955), 26px);\">After the Last Grantor &#8220;Trustor&#8221; dies the inheritance goes to the Beneficiaries in a &#8220;Taxable advantage as mandated by law&#8221;.<\/p>\n\n\n\n<p class=\"alignwide has-link-color wp-elements-340a7d4f7c02c92033d2a0428da99154 wp-block-paragraph\" style=\"font-size:clamp(16.834px, 1.052rem + ((1vw - 3.2px) * 0.955), 26px);\">There is a &#8220;<a href=\"https:\/\/familystockandinvestments.com\/?page_id=6713469\" data-type=\"page\" data-id=\"6713469\">Step Up Basis<\/a>&#8221; that allows both &#8220;Personal and Real Property&#8221; to be evaluated at it (appraised value) at the passing of the &#8220;Grantor-Trustor&#8221;. &#8220;There would be no capital gains on that day&#8221;<\/p>\n\n\n\n<p class=\"alignwide wp-block-paragraph\" style=\"font-size:clamp(16.834px, 1.052rem + ((1vw - 3.2px) * 0.955), 26px);\">If the &#8220;Grantor-Trustor&#8221; was to Give the &#8220;Personal and Real Property&#8221; (prior) to Death to a beneficiary then the value would use the (Original Cost) to determine &#8220;Capital Gains&#8221; on what the beneficiary receives.<\/p>\n\n\n\n<p class=\"alignwide wp-block-paragraph\" style=\"font-size:clamp(16.834px, 1.052rem + ((1vw - 3.2px) * 0.955), 26px);\">Another recommendation is to also have a (Pour-Over Will) to work in conjunction with your (Revocable Living Trust).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"alignwide wp-block-paragraph\" style=\"font-size:clamp(16.834px, 1.052rem + ((1vw - 3.2px) * 0.955), 26px);\"><strong>NOTE: These are my suggestions of what is best for myself personally (after a lot of research) but you may wish to consult with your personal legal counsel to see if it is beneficial to you and the State you live in.<\/strong>       <\/p>\n\n\n\n<p class=\"alignwide wp-block-paragraph\" style=\"font-size:clamp(16.834px, 1.052rem + ((1vw - 3.2px) * 0.955), 26px);\">.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WILLS &amp; TRUSTS Types of Wills: (Simple Will) , (Living Will) , (Testamentary Will) , (Pour-Over Will) Trusts: (Living Trusts) , (Irrevocable Living Trusts) , (Revocable Living Trusts) My personal choice after reviewing and research is the (Revocable Living Trust) as there are many advantages in making this choice: A) With the (Revocable Living Trust) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3392673","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/familystockandinvestments.com\/index.php?rest_route=\/wp\/v2\/pages\/3392673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familystockandinvestments.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/familystockandinvestments.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/familystockandinvestments.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/familystockandinvestments.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3392673"}],"version-history":[{"count":18,"href":"https:\/\/familystockandinvestments.com\/index.php?rest_route=\/wp\/v2\/pages\/3392673\/revisions"}],"predecessor-version":[{"id":6983469,"href":"https:\/\/familystockandinvestments.com\/index.php?rest_route=\/wp\/v2\/pages\/3392673\/revisions\/6983469"}],"wp:attachment":[{"href":"https:\/\/familystockandinvestments.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3392673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}