Preserve Your Estate for Future Generations
Trusts involve the transfer of your property to an individual or corporate trustee who manages the assets within the trust for the benefit of the beneficiaries.
A living, or inter vivos, trust is one that is effective during your lifetime. A testamentary trust is one that is contained within the provisions in your will and does not become operative until your death. A trust is an extremely useful tool and is highly recommended in most estate planning situations.
Here are several Estate Planning benefits of a trust:
- Obtain professional management and investment of trust property.
- Minimize gift and estate taxes.
- Distribute assets to beneficiaries efficiently and without the delay, expense and, especially, the publicity of probate.
- Place conditions on how and when your assets should be distributed.
For more information on the advantages of Trusts for Estate Planning, please contact Alliance Trust Company.