Trusts

Creating an estate plan requires you to think about a variety of topics, including who will receive which assets when you pass away. There are multiple options to make this possible, so you have to choose which one is best for your circumstances.  One option is to...

There are many different types of trusts you can create as part of your estate plan, depending on the goals that you want to accomplish. You can set up a special needs trust to protect someone’s access to government benefits, for example, or a spendthrift trust if you...

Many people choose to include a living trust in their estate plan to help keep their assets out of the often slow probate process, while still retaining the flexibility to access those assets should they need to. For a living trust to be effective, you need to ensure...

A spendthrift trust does what it says on the tin. It is a trust to help people be careful with how they spend the money they inherit, but how does it do this and why might it be needed? The trust acts as a layer of protection. Putting money or other assets into a...

Estate planning doesn’t have to focus solely on what happens to your assets once you die. In fact, if you have significant assets, your estate plans should also include strategies to minimize potential financial drains – including excessive taxation.  This is where a...

Special needs trusts are important tools for safeguarding the financial future of individuals with disabilities, ensuring they receive proper care and support while maintaining eligibility for government benefits. One’s choice of trustee is a crucial decision, as they...

To avoid probate, estate taxes and disputes, a trust can be added to an estate plan. A trust allows a grantor to entrust assets to a trustee who is responsible for managing the assets until they are distributed to beneficiaries.  There are many different kinds of...

If you are writing a trust as part of your estate plan, you may be thinking about making it very specific, so that it accomplishes a certain goal. For instance, say that you went to college when you were younger and you feel that it was a transformative experience....

Parents often want to give their children every opportunity in life, so they often want to leave their children a decent inheritance. Many adult children count on receiving an inheritance eventually to help them pay off student loans or fully fund their retirement...

A trustee has control over the maintenance and investment of trust resources, as well as the distribution of those assets to the beneficiaries of the trust. Nothing shatters the security of trust beneficiaries more thoroughly than the realization that a trustee has...