TRUSTS
A Trust is a legal entity created to manage and hold ownership of property and other assets for the benefit of a child, adult, charity or other beneficiary.
A Trust can be established during your lifetime or upon your death.
A trustee manages the trust assets until a time of your choosing and then makes distributions to your beneficiaries according to terms you've established.
The benefits of establishing a Trust as part of your estate plan are:
-The ability to minimize estate tax liability
-Creating a means of protecting your assets and
-Holding assets to protect a beneficiary's government assistance eligibility.
A Trust is a legal entity created to manage and hold ownership of property and other assets for the benefit of a child, adult, charity or other beneficiary.
A Trust can be established during your lifetime or upon your death.
A trustee manages the trust assets until a time of your choosing and then makes distributions to your beneficiaries according to terms you've established.
The benefits of establishing a Trust as part of your estate plan are:
-The ability to minimize estate tax liability
-Creating a means of protecting your assets and
-Holding assets to protect a beneficiary's government assistance eligibility.