Living Trusts

Find the latest news on living trusts, asset protection, probate, estate taxes, trustees, and more.

Jan 27, 2011

A living trust set up by a woman who died last year has donated $19,078 to the city of Mount Angel, Oregon, reports the Statesman Journal.

Henrietta Saalfeld, a lifelong resident of Mount Angel, donated her house to the city shortly before her death in July of last year. With her remaining funds, she set up the Henrietta T. Saalfeld Living Trust and named her nephew, Jim Berchtold, as its trustee.

The new gift from the trust to the city has been earmarked for the maintenance of the house, which is believed to be the oldest residents in Mount Angel.

Jan 18, 2011

The living trust that owns a restaurant in Warren, Rhode Island, recently held a foreclosure auction on the property, reports EastBayRI.com.

The Wharf Tavern is currently owned by the David Brayton Jr. Living Trust. The trust was founded in 2001 following the death of David Brayton, who had operated the restaurant for years.

Jan 7, 2011

The local government of Haines City, Florida, has purchased property from a living trust for the construction of a new library and city hall, reports the Ledger.

The five-member panel of city commissioners voted this week to pay $986,900 for the two parcels of land, which are currently held by the Gardner Revocable Living Trust and Cecil Baker.

Before the purchases can be finalized, the parcels of land must be subjected to a Phase 1 environmental study to determine what issues the city will face with cleanup in the wake of the demolition of the buildings currently on the prop

Dec 28, 2010

An 83-year-old Michigan woman who had planned to place her extensive collection of autographed baseballs into a living trust decided to auction the mementos to raise money for charity, reports the Detroit News.

Jane Bell has held Detroit Tigers season tickets since 1984, and she obtained her first signed baseball that year. She reportedly did not pay for any of the autographs.

Bell ultimately decided that instead of keeping the 136-ball collection for herself, she would auction it off to raise money for St.

Dec 16, 2010

A Florida woman who placed her house in a living trust before transferring its deed to a former tenant has been served with a foreclosure notice, according to the Orlando Sentinel.

Elizabeth Bolinger told the source that she had placed her house in a living trust in 1993 to avoid probate. She claims that she owned the house up until 1996, when she deeded the property to tenant Michael Corrigan.