What is a Property Control Trust?

You may establish a property control trust in numerous different situations, including, the following five: First of all, you might want to restrict the beneficiaries access to his or her inheritance, because you believe that they can not responsibly handle money.  You can establish a spend thrift trust to assist with this. The second reason to… Read More »

How Can a Trust Fund Be Used for Families?

There are many different advantages to establishing a trust fund and although you might have heard that these are primarily vehicles used by affluent families looking to pass on benefits into the future, trust funds offer a variety of benefits, such as safe keeping of assets and tax advantages like minimizing gift and estate taxes…. Read More »

What Are the Basics of Setting Up a Trust Fund?

Trust funds are frequently associated with affluent families that are looking for strict and controlled ways to pass on wealth to future heirs but there are many different advantageous reasons to consider setting up a trust even if you aren’t especially wealthy. Establishing a trust fund is not necessarily easy and you must consider all… Read More »

What You Need to Know About Assigning QTIP Income Interest

The current estate tax exemption is $11.18 million and double that for married couples. There has been an increased emphasis in the estate planning industry on portability planning, particularly for those wealthy couples who have a combined estate that is above the $11.18 million mark but below the combined exemption amount. A portability plan considers… Read More »

Should You Fund Your Revocable Trust?

Many people are increasingly using an estate planning approach that uses a revocable trust, as well as a will. In fact, most common estate plans these days include both of these elements. This basic structure is now seen as the bare bones under which guardians of any minor children are appointed and executors of the… Read More »

Can I Amend My Trust?

If you already have a trust document put together, you should consider the type of trust that you selected as far as whether or not you’ll be eligible to amend a trust in the future. An irrevocable trust cannot be amended in the future, regardless of the changes you would like to make. Furthermore, it… Read More »

Understanding the Difference Between Trusts and Wills

Many people who are approaching estate planning for the first time will have critical questions about the right documents to be used in the process. Many people may be under the impression that a trust is better than a will and may be curious about whether or not they can serve as the trustee of… Read More »

Should You Use a Trust Instead of a 529 Plan for Education?

Most parents think long term when it comes to the educational needs of their children. A 529 plan is a common method for funding a child’s education because there are numerous different beneficial features such as: ·       Flexibility ·       Tax deductible contributions ·       Tax regrowth of assets ·       Generally clear investment options For those who… Read More »

What Is an Asset Protection Trust?

There are many different types of trusts that can help you to gain greater control and flexibility over the estate planning process. Sitting down with a knowledgeable estate planning lawyer is often the first step to allow to accomplish your estate planning goals. One type of trust that you may consider in putting together your… Read More »

Living Trusts Benefits Series: Obtain More Privacy

Many people intend to avoid the probate process, not just because it is expensive and frustrating for your beneficiaries, but also because it is extremely public. Anyone can enter into probate court after you pass away and view the estate file. You can determine the claims of creditors, the list of assets, the beneficiaries, and… Read More »

What A Trust Can Offer You That a Will Cannot?

Although a trust and a will are both important components of any person’s estate plan, there are several different things that a trust can offer you that a will does not. Some of the most common benefits of a trust over a will include:    It allows you to avoid the probate process, including the… Read More »