“Wilma, you won’t believe what our lawyer Sam said at the seminar he gave at the Lodge tonight!” Fred exclaimed, “We heard all about the best Living Trust.”

“We wouldn’t just be Trustees and beneficiaries of the Trust like Barney and Betty are in the Rubble Trust,” Fred explained.  “We would be both of them and the Grantors.”

“I can’t wait to get to our appointment with Sam next week and get us that living trust.  I swear, Barney was just turning green with envy, because he can’t afford to redo the Rubble Trust to make him a Grantor,” he gloated. 

“What does being a Grantor mean?” Wilma finally managed to interrupt to ask.  “It means,” Fred said, importantly, “that we are the people who fund the Trust.”

“Oh, so it will be our property, like our house and savings accounts that we will transfer into the Trust?” Wilma asked out loud.  But, as she later told Betty, she did manage to keep from blurting out that the Rubbles had done just that too.

“Exactly!  Without Grantors transferring property to a Trust, a Living Trust is nothing, just plain useless!” shouted Fred triumphantly.

For information on all the roles in a Living Trust and whether a Trust suits your needs, call our office at (815) 436-1996 for an appointment.

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