Irrevocable Trust?
…goals: Children’s or Grandchildren’s Irrevocable Education Trust: A trust used by parents and grandparents for a child’s or grandchild’s education. Irrevocable Life Insurance Trust: A trust used to…
Incentive Trusts: If You Do This…
Grantor, or Trustor who transfers property to a Trustee chosen by the Settlor. The Trustee holds that property for the trust beneficiaries. The beneficiary of a trust can be an…
Establishing An Age Based Trust
trustee—choose wisely!” Before appointing a trustee, incorporate as much detail as possible about the purpose and terms of the trust into the trust agreement. Then consider the qualities, skills and…
Educational Goals and Family Trusts
Achieving educational goals can be life-changing—as is the gift of paid tuition! A trust can be a great way to gift education to family members. Unlike a will, a trust,…
Customizing A Special Needs Trust
create a special needs trust, you will need to name a trustee or trustees to manage the trust assets for the benefit of your child. Choose someone you know who…
Facing The Unknown: Asset Protection Trusts
…trust can only be made for their child’s health, education, maintenance or support, then the child’s creditors have no claim to those trust funds while they remain in trust, since…
SNT: Duties of The Trustee
Appointing a trustee to administer any trust is a big deal, but extra diligence is important when it comes to special needs trusts (SNTs). A trustee must be extraordinarily…
A Will Should Be Fine?
be reachable, provided the trust is structured to be protected against creditors. Appointing A Trustee When families choose to establish a trust, they must also appoint the trustee who…
When Being Fair Counts: Pot Trusts
funds for all your named beneficiaries. Like other trust types, the pot trust is managed by a trustee, who is responsible for managing the trust for the benefit of the beneficiaries. Subject…