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Yes, a revocable trust instrument can avoid court or probate. Source: One of the primary purposes of forming a revocable living trust is to avoid probate 1. Probate is a legal process that occurs after someone dies, and it involves proving in court that the deceased person’s will is valid, identifying and inventorying the deceased person’s property, paying debts and taxes, and distributing the remaining property as the will (or state law, if there is no will) directs 1. The probate process can be time-consuming, expensive, and public 1. A revocable trust is created by writing a trust agreement, which involves three primary parties who are the trust-maker, the trustee, and the beneficiary 1. The trust maker is the individual who makes and funds the trust, the beneficiary is the person who benefits from the trust, and the trustee manages the trust and its property 1. With a typical revocable trust, the trust maker, trustee, and beneficiary are all typically the same person 1. After the trust agreement has been completed and signed, the trust maker will fund the trust, which involves transferring their assets into its ownership 1. The trust maker will not own property in their name after the assets have been funded into the name of the trust 1. Because the trust creator doesn’t personally own this property, probate is not required to transfer ownership to other individuals when they die 1. The trust vehicle does not die with the trust-maker but lives on as a separate legal entity 1. The administrative or successor trustee named in the trust agreement will have the legal authority to step into the trust maker’s shoes after the death of the trust-maker 1. They can take control of bank accounts, investment accounts, and business interests, collect life insurance proceeds, retirement accounts, and annuities, pay the trust maker’s final bills, debts and taxes, and distribute the balance of the trust funds to the other beneficiaries named in the trust agreement—all without probate and court involvement 1. I hope this helps!

Yes, a trust can operate as a nonprofit educational organization. Source: Educational trusts are a type of trust that specifies that trust funds are to be used for education 1. The grantor names a trustee and beneficiaries, and also states how trust money is to be used 1. If the trust will become operational immediately, then the grantor “funds” the trust by transferring property into it 1. The Education Trust is an example of a nonprofit educational organization that is committed to advancing policies and practices to dismantle the racial and economic barriers embedded in the American education system 2. Through their research and advocacy, they improve equity in education from preschool through college, engage diverse communities dedicated to education equity and justice, and increase political and public will to build an education system where students will thrive 2. They work alongside educators, parents, students, policymakers, and civic and business leaders in communities across the country, providing practical assistance in their efforts to transform schools and colleges into institutions that serve all students well 2. They analyze local, state, and national data and use what they learn to help build broader understanding of achievement and opportunity gaps and the actions necessary to close them 2. They actively work to shape and influence national and state policy, bringing lessons learned from on-the-ground work and from unflinching data analyses to build the case for policies that will help all students reach high levels of achievement 2.

Short Answer, No. A trust is required to file a tax return if it has a gross income of $600 or more during the trust tax year or there is a nonresident alien beneficiary or if there is any taxable income 1. The fiduciary of a domestic decedent’s estate, trust, or bankruptcy estate files Form 1041 to report the income, deductions, gains, losses, etc. of the estate or trust, the income that is either accumulated or held for future distribution or distributed currently to the beneficiaries, and any income tax liability of the estate or trust 2. Employment taxes on wages paid to household employees are also reported in Form 1041 2.

Yes, a trust can use a DBA to operate as a business. Source: A DBA, or “doing business as,” is a fictitious name that a business uses instead of the name of the owner or owners 1. A trust can own a business and file a trade or assumed name at the government unit in your state 2. The account title should reflect the name of the owner: “John Doe Trust, DBA [Business Name], John Doe Trustee” 3. Most states have statutes that would require the trust to register that it was doing business under “an assumed name” and your institution should request a copy of that registration 3. With the DBA certificate, the bank is justified in allowing checks to reflect only the name of the business and not the fact that it is owned by the trust 3. I hope this helps!

Total cost varies. Each service to talk to a tech 1 on 1 is 115.00 per session per day. Generally, 500.00 will get you an EIN, website, and commercial address, and a 1 on 1 talk with a technician to complete same day or until complete.

Electronics. The answer is the same for both questions. We fix electronics, we sell brand new electronics with a two year warranty for TVS, and limited warranty for computers, appliances, and other devices. A university technician is specialized to approach any technical support, service, and repair, of devices to resolve the issue at hand by the end user. Examples: Televisions, computers, laptops, desktops, phones, tablets, game consoles, appliances, robots, drones, and other devices.

What is University Technicians? A team of specialist technicians who respond to calls through audio visual devices, appear onsite locally, provides service, support, and repair of electronic devices.

10.00 per month, 120.00 per year for all new and existing beneficiary members. **All fees are required to chat with live human specialist technician** 115.00 online support via zoom.us for tutorials, walkthroughs, or live support by appearance of a technician by voice, and visual communication. Onsite travel to local areas start at 18.00 plus the cost of appearance by technician by zip code. Part cost and estimation varies. 115.00 virtual online tutorial or DIY (do it yourself) guides; for electronics repair, this is without parts to come onsite; cost of parts, equipment, and supplies may vary based upon device that is being fixed. 3125.00 every 3 months. This plan includes unlimited 5 days a week. One time payment is available: Family Office E-Commerce Creation and Support Revocable Living Trust Asset Protection Support Private Banker Strategy Credit-Line Support Power of Attorney Strategy Court and Claims Support Other plans found: UniversityTechnicians.com/plans Bookings found: UniversityTechnicians.com/book