Trusts
Understanding the Different Types of Trusts
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…
Read MoreDo I Need a Trust?
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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