'Trusts to Use' Articles

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Trusts to Use Articles
explore the different types of trusts you can use in estate planning. Each has its own purpose and suitability for a person's circumstance. Typical examples of such trusts are living trusts, irrevocable trust, charitable trusts, Medicaid trusts, supplemental needs trusts, generation by-pass trust, dynasty trust, Bypass trusts. Learn about how each works in the articles we post here or in the coffee courses.

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Why and How To Put Your Home or Vacation Home in a Trust
The use and disposition of property owned by a trust is determined by the trust’s document and trustee. If you own real estate, you may find putting it into a trust is best for you and your beneficiaries. Here’s how…read more


A QTIP Trust Gives Income to a Wife but Preserves Assets for Your Children from a First Marriage
If you have children from a previous marriage that you want to leave property to, but still supply income to your current spouse while she lives, then a QTIP trust may be the way to go. It allows you to ensure your legacy to all your loved ones. Here’s how it works…read more


Know How to Fund Your Trust
Trusts serve many uses; they’re important estate planning devices, too. But the majority of trust must be funded with your assets for them to fulfil their purpose. The apparent hassle of funding a trust delays many people from doing so. Unfortunately, not funding them properly defeats their purpose. Here’s the lowdown on trusts and how to fund them...read more

Trusts Can Solve Many Estate Planning Concerns You May Have
Estate planning ultimately concerns transferring your wealth to whom you wish when you die or become incompetent while effectively dealing with issues of taxes, publicity, asset protection, or your health and care.  To address these concerns and issues effectively, you often need an entity other than you or your spouse to hold assets, to distribute money correctly, and to carry out your wishes when you no longer can. That entity is a trust....read more

Use a Land Trust as an Asset Protection Device to Hide Your Real Estate
A key part of financial planning is protecting your assets from unfair and aggressive claims against you based on your apparent wealth – or ability to pay. Of course, nothing makes you so vulnerable to such claims as the visibility of your wealth. Using a land trust, you can help hide some of your real estate holdings. Here’s the scoop…read more

A Living Trust for Avoiding Probate and More
Probate is a legal process of settling the financial affairs of someone who dies. It can be a time-consuming and costly process. Since it addresses property held solely in the name of the deceased that doesn’t pass to someone automatically, you can avoid probate by having a trust – a living trust – own all your property. But setting up a living trust can accomplish other purposes too...read more  

Choose a Successor Trustee for Your Living Trust Who Can Do What’s Needed
When you set up your revocable living trust, it’s you who is the grantor and, generally, the trustee of it. But when you die, you’ll need a successor trustee to handle all the obligations that your death creates. Because there are quite a few obligations to carry out, choose a successor that can handle them...read more

Create a Supplemental Needs Trust to Help Your Disabled Adult Child When You Die
If you’re caring for an adult child who is permanently disabled, you may worry about how well he’ll be cared for after you're gone. He or she may be mentally, physically, or emotionally disabled and able to qualify for Medicaid. But you may want to help him with your money for those ‘extra needs and care’ that can make a big difference in his life.  Here’s what to do…read more

Why Trusts Help You in Estate Planning
You do estate planning to handle your affairs when you no longer can and to distribute your estate to your beneficiaries. Transferring your wealth effectively and efficiently is important so it goes to the beneficiary you choose and minimizes tax losses. Using a trust can help you accomplish this. Here’s why…read more

A ‘Defective’ Trust Can Help You Avoid Gift Tax
Transferring some of your wealth while you’re alive will trigger a gift tax when you die. You also have to pay an estate tax on the value of your estate when you die, too. These are hefty taxes that lower what you can ultimately leave to your beneficiaries.  You can use a ‘defective’ trust to help reduce them. Here’s how…read more

Use a Charitable Trust for Income or for a Legacy
A chartable trust is a trust that has a charity as one of its beneficiaries. With it you can contribute to your charity and provide for yourself or your other beneficiaries too. And, of course, charitable giving will give you a tax deduction you can use. ...read more

You Can Create a Charitable Remainder Trust either a CRAT or a CRUT
A charitable remainder trust (CRTs) gives you an annual income for the rest of your life, with the remainder of the trust at your death going to the charity of your choice. You, of course, get a tax break for your charitable donation. The type of CRT you created determines how much annual income you’ll get...read more

The 2010 Estate Tax Relief Act Doesn’t Negate the Importance of the Bypass Trust
One purpose of the bypass trust is to use the first-to-die spouse’s personal estate tax exemption to save part of his estate from paying estate taxes since his tax exemption would be lost if all his holding were passed to the surviving spouse. At her (the second spouse to die) death, only her personal estate tax exemption would be available to shelter some of her estate for the benefit of heirs....read more

Use a Generation-Skipping Trust to Preserve Your Wealth For Your Grandkids
If you and your children have sizeable estates – that will easily exceed estate tax exclusion levels, you may want to transfer some wealth directly to your grandkids. You do this by using a generation-skipping trust (GST) – also known as a dynasty trust. Let’s see take a look at some of the issues...read more


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