Understanding Types of Trusts
Trusts are powerful, versatile estate planning tools with the ability to accomplish a number of estate planning objectives. We can help you to better understand the different types of Trusts.
|Living Trust||High net-worth individuals whose goals include estate taxes and avoiding probate and public scrutiny||
|Testamentary Trusts||Holding assets for the benefit of a spouse, children, or others||
|Irrevocable Life Insurance Trusts||People who want to provide funds for their estate tax liability or provide additional estate tax-free funds for their heirs||
|Charitable Remainder Trust||Charitably minded people who want to reduce their capital gain and estate taxes, help a favorite charity and provide income for themselves or their beneficiaries for a period of time.||
|Charitable Lead Trusts||Charitably minded people who want to reduce their capital gain and estate taxes, provide income for a favorite charity with ultimate distribution to family members.||
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