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In a Revocable Trust, What Does U/T/D Mean?

U/T/D stands for Under Trust Dated. It is one of the two identifying features for your trust. Your trust has a name so it'd be the Greg revocable trust and then it has a U/T/D date. An under trust date, that's the date the document was signed. To learn more, head to...

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What Are Letters of Administration?

Letters of administration is an order that's entered by the court, after the probate is opened, after a personal representative is appointed. The letters of administration is the legal authority given to the personal representative to deal with third parties. To deal...

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What Does Medicaid Recovery Mean?

Here in the state of Florida, when somebody's on Medicaid, the state has a lifetime lien on that person, when they die. So, any moneys that Medicaid would have spent during the course of their lifetime, Medicaid now has a lien on their estate. The Medicaid Estate...

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What Does it Mean to Fund a Trust?

Funding a trust means to transfer or retitle the assets into the name of the trust. This is probably the most important part of the process. I don't care who drafts your trust document, it's not worth the paper it's printed on if the assets haven't been retitled into...

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