Trusts

By: Gummer Elder Law  07/15/2015
Keywords: Elder Law, Trusts, Special Needs Planning

A trust can be an important estate planning tool. Basically, a trust is created when you (the settlor) transfer property with the intention that it be administered by a trustee for another person's benefit. There are many different types of trusts which we can assist you with, depending on your specific needs. Some trusts are used to provide tax savings while others are used to protect the assets of the beneficiary. Trusts can be either inter vivos or testamentary. An inter vivos trust is a trust which is created, becomes operational, and is usually funded during the settlor's lifetime. A testamentary trust is a trust established after your death in accordance with the provisions of your Will.

Keywords: by-pass trust, Elder Law, Revocable Living Trust, Special Needs Planning, Special Needs Trust, Trusts,

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