A permanent estate builder that provides asset protection and covers future generations What does a Life Insurance trust do? Life Insurance Trusts – A Life Insurance Trust is a permanent, irrevocable trust that is established to own one or more life insurance policies that cannot be altered, amended, or revoked.…
Don’t set up a trust before understanding the Tax and Probate Fees issues Types of trusts In addition to describing a trust as revocable or irrevocable, there are many types and variations of trusts, depending upon the purpose for the trust. Typical trusts are living revocable trusts to avoid probate…
Assets can be controlled through a trust for a long time Trust determines who is in control Trusts Used to Control Assets – Basically, the trust document establishing the trust states who controls the trust assets (monies, accounts and properties) and gives detailed instructions on how much, when, and under…
Disabled persons on public assistance can lose benefits if they inherit money in the wrong form Purposes of special needs trusts Trusts for Special Needs – Special Needs Trusts are used to hold money and property for specific periods of time, and to pay out the money and property according…
Save legal fees by learning Basic Trusts Terminology Purposes of trusts Trusts are used to hold money and property for specific periods of time, and to pay out the money and property according to detailed written instructions. Trusts are used to safe-keep money and property and prevent it from being…
A living trust is one of the key ingredients in most estate plans. The living trust is widely used because of its flexibility. When people but their money and property into a living trust probate can be avoided and estate taxes saved. Revocable Living Trusts – Creation and definition: A…
Estate Planning requires careful documentation which is custom prepared Purposes of Estate Planning People engage in estate planning to establish a comprehensive plan to cover what happens to their money and property in the event of disability or death. There are many variations to an estate plan and each one…
A living trust is one of the key ingredients in most estate plans. The living trust is widely used because of its flexibility. When people put their money and property into a living trust probate can be avoided and estate taxes saved. Creation and definition: A revocable intervivos trust (Revocable…
Purposes of Estate Planning Many Variations to an Estate Plan People engage in estate planning to establish a comprehensive plan to cover what happens to their money and property in the event of disability or death. There are many variations to an estate plan and each one is custom tailored…