Our Services
Our experienced team can assist with the following types of Trust Services:
Living Trust
A living trust is created to benefit the grantor during his or her lifetime with the remaining assets transferred to beneficiaries upon the grantor’s death.
Testamentary
A Testamentary Trust, sometimes called a Trust Under Will, the decedent’s will instructs the executor of the estate to create a trust and the terms of that trust are included in the will.
Revocable
Put very simply, a revocable trust can be revoked or amended during the grantor’s lifetime.
Irrevocable
An irrevocable trust cannot be changed or revoked once established.
Charitable
Created for the benefit of a non-profit organization or charity.
Special Needs
A type of trust created for a disabled person, which will not reduce their public assistance benefits.
Spendthrift
A trust that protects assets from the beneficiary’s creditor claims and puts provisions in place to prevent the beneficiary from squandering the assets of the trust.
Life Insurance
The trust both owns and is beneficiary of one or more life insurance policies. When the insured dies the proceeds are then managed by the trustee for the beneficiaries.
Qualified Personal Residence
An individual transfers ownership of their home to a trust, which removes it from their estate.
Generation Skipping
Often used to transfer money to grandchildren but can be created for any beneficiary at least two generations junior to the grantor.
Credit Shelter
Funded with an amount up to the estate-tax exemption.