A living trust, also known as an inter vivos trust, is a type of trust that can benefit you both while you are still alive, and after you pass away. However, before you think about creating a living trust for yourself, it’s important to understand what it is and what benefits it can offer. Here are five things you should know about living trusts:
Tag: trusts and estates
Legal Issues Remain After Passing of Gene Hackman
Eugene Allen Hackman, or Gene Hackman as he was commonly known, passed away in February 2025, shortly after the death of his wife Betsy Arakawa. Although this tragedy is bad enough on its own, there are issues with their wills and Trusts that have raised serious legal concerns after their passing. Even worse, these documents were signed about two decades ago, making them potentially much harder to contest. Gene Hackman’s estate is estimated to be approximately $80 million dollars.
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Fight Over Murdoch Trust Reveals Estate Planning Issues
A legal fight over the family trust of media mogul Rupert Murdoch has resulted in a surprising loss for the billionaire, which could have significant implications for his family and his business empire. Murdoch, the owner of numerous television and newspaper companies, wanted to change the trust to favor one of his children over the others. However, he has lost the battle, showing the importance of proper and timely estate planning.
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