The lawyers will luv you. You'll have to pay them double.

..
- quote -


Well, I guess you said that the first time, but I wanted to make sure you
meant it! (and others understood).

Yes, you can make as many trusts as you want, and you can name them anything
you want. Frequently, trust names include thier date of creation, such as
"The John and Mary Smith Family Trust of November 12, 2006".

Keep in mind that if assets are to be retained in trust until the last of
the parents dies, you will need separate bank accounts for each trust, and
separate tax returns for each trust, every year.

Gil Faver wrote:
- quote -


Because, the 3rd child would feel more "comfortable" if the original
living revokable trust was not modified / amended. It would give them
a partial feeling that at least the original trust was split up in an
equal manner amongst 3 children. I realize that the math comes out
the same in the end, but I believe the perception would not be as
harshly received of such a change.

So, basically, my first living revokable trust was titled:

Firstname Lastname TR

and the 2nd one could be:

Firstname Lastname TR-2 ?

-David


======================================= MODERATOR'S COMMENT:
Please trim the post to which you are responding. "Trim" means that except for a FEW lines to add context, the previous post is deleted.

"David" <david4731[at]hotmail.com> wrote in message
news:1163888026.536639.165020[at]h48g2000cwc.googlegroups.com...
- quote -

why not add all the assets to the one living trust, and have that one trust
specify how each asset is to be distributed. Not everything has to be
treated in exactly the same way.

David wrote:
- quote -

You can create as many trusts as your heart desires, and name them
anything you can think of. I like to keep the titles short to cut down
on typing errors when assets are re-titled.

In order to avoid probate, is it possible to have 2 living revokable
trusts rather than 1 living revokable trust + some personally owned
items with a will? The reason I ask is, currently we have 1 living
revokable trust and our condo is owned personally which will follow our
will and go through probate. I do not want to add the condo to our
current living revokable trust as I do not want it distributed per the
terms of that living revokable trust. The current trust distributes
the property equally to 3 children. I would like to be able to somehow
create a 2nd living revokable trust which will only distribute its
assets to 2 of the 3 children (50%-50%) rather than amending or
changing the current living revokable trust in such a manner as to
split the assets amongst the 3 children in some non equal manner.

I realize its all the same either way ($ wise), but I believe the 3rd
child would think this would be a bit more "fair" if it were done via 2
living revokable trusts than amending the current one (which was
created quite some time ago) and cutting the 3rd child out in any
manner.

If I can create 2 living revokable trusts for the same person (widow;
single person), then how would the title differ between the two?

Firstname Lastname TR (first living revokable trust)
and what for the 2nd?

Thank you very much!

-David