Charitable Trusts

Charitable Trusts Updated: January 9, 2023 Charitable Remainder Trust Charitable Lead Trust Giving to charity can feel rewarding and benefits good causes. For the most part, we give gifts while we are alive and receive benefits on our income taxes. Charitable gifts can also be used to reduce estate and capital gains taxes if you […]

Special Needs Trust

Special Needs Trust Updated: January 6, 2023 Unique Features of the Special Needs Trust First-Party Special Needs Trusts Third-Party Special Needs Trusts For many with a serious disability, health insurance is a major consideration and it becomes crucial to get coverage under Medicaid for many reasons. They may need Supplemental Security Income for everyday care and living […]

Generation-Skipping Trust

Generation-Skipping Trust Updated: January 5, 2023 A generation-skipping trust (GST) is a type of irrevocable bypass trust for assets to be subsequently passed on to your grandchildren while avoiding or skipping estate taxes during your children’s generation. They can be a living or testamentary trust. GSTs are much more complicated than they seem and you will likely need a professional to create one. […]

Trusts for Married Couples

Trusts for Married Couples Updated: January 4, 2023 Trust Vs Will Marital Trusts Qualified Terminable Interest Property Trust Dividing Trusts Dual Trusts Totten Trust Spousal Lifetime Access Trust The first decision married couples need to make is whether or not a trust is necessary. The 100% marital deduction rule allows you to give your spouse […]

Testamentary Trusts

Testamentary Trusts Updated: December 30, 2022 Standard Testamentary Trust Other Types of Testamentary Trusts Steps to Get Ready to Create a Testamentary Trust Creating a Testamentary Trust Adding Assets to a Testamentary Trust A testamentary trust (a.k.a. will trust) is a type of trust that, like a will, is created to transfer your assets to […]

The Living Trust

The Living Trust Updated: December 29, 2022 Family Trust Irrevocable Living Trust Revocable Living Trusts Income Trusts Steps to Get Ready to Create a Living Trust Creating a Living Trust Transferring Assets to a Living Trust A living trust is created while you’re alive. They are sometimes called family trusts. Living trusts can be revocable […]


Trustees Updated: December 22, 2022 Who to Choose Duties of a Trustee Compensating Your Trustee The trustee will be the owner or holder of legal title of your trust property and the manager of the trust. This is known as a fiduciary role. They are responsible for all the decisions, choices, and transactions concerning the […]

Trust vs. Will

Trust vs. Will Updated: December 22, 2022 Both trusts and testamentary wills (Last Will and Testament) are estate planning techniques which can be used alone or together to pass on your assets to your beneficiaries. To determine whether a trust is preferable to a will for passing along your estate it is helpful to be […]


Trusts Updated: December 22, 2022 A trust is another way to leave your estate to your beneficiaries. A trust is a fiduciary (financial) relationship in which you, as the trustmaker or creator (called the “grantor” or “settlor“), give a trustee, who could be you or another person, the right to hold title to and manage […]