Understanding the Different Types of Trusts

Types of Trusts | Statesville Estate Planning Lawyers | Crosswhite Law

Trusts are essential tools in estate planning, providing flexibility, control, and tax benefits. There are two primary types of trusts based on how they are established: living trusts and testamentary trusts. A living trust is created during the grantor’s lifetime, while a testamentary trust is created but not funded until the grantor passes away. Beyond…

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Do I Need a Trust?

Do I need a Trust | Crosswhite Law | Estate Planning Attorneys

One of the most common questions in estate planning is, “Do I need a trust?” The answer depends on your unique situation and goals. Everyone should have a will; however, having a trust in addition to a will depends on your individual circumstances. Trusts are more powerful than wills in terms of what they can…

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