Revocable Trust
Revocable trusts are created during the settlor’s lifetime as a stand alone trusts.  They are revocable and amendable by the settler during his or her lifetime.
  • Can be used to avoid a guardianship in the case of later incapacity of the settlor.
  • Seamlessly and privately transfers property at the death of settlor.
Not included in settlor's probate estate.
Not a matter of  public record.
Irrevocable Trust - inter vivos
Inter vivos irrevocable trusts are created during the lifetime of the settler as stand-alone trusts.  They can offer tax planning opportunities, facilitate charitable giving and begin the process of wealth transfer to future generations while the settlor is still alive.  Inter vivos irrevocable trusts might include any of the following:
  • Irrevocable Life Insurance Trusts
  • Grantor Trusts
  • Charitable Trusts
  • Qualified Personal Residence Trusts
  • Crummey Trusts
  • Education Trusts
Testamentary Trusts
Testamentary trusts are irrevocable trusts created under a Will.
  • Frequently incorporate tax planning and protection for the inheritances of spouses and future generations.
  • Can be used to avoid a Guardianship of the estate of your minor children at your death.
Special Needs Trusts
Special Needs Trusts are established to provide non-essential items to a disabled beneficiary, who qualifies for public assistance, without endangering his/her eligibility for public benefits.  The trust can be funded by:
  • Family members
  • Third party individual
  • Assets belonging to the disabled beneficiary.

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