Trusts

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: