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Recent Posts
Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim

Estate planning for business owners, particularly those known for impulsive decision-making, requires a nuanced approach. ...

The post Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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How Rising Interest Rates Can Affect Your FinancialPlans

Whether you are managing debt, investing assets, or developing an estate plan, changes in interest ...

The post How Rising Interest Rates Can Affect Your FinancialPlans first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Creating a Financially Organized Life

Here’s how to get a jump-start on creating a system to organize your bills, statements, ...

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The Three Key Groups Involved in Creating a Trust

Trusts are a popular estate planning tool because they can help you accomplish numerous goals at once. At a very simple level, a trust is a legal entity that holds your assets that are intended to benefit others. They help you control how your assets are distributed after your death and help you plan for incapacity.

It usually falls to a knowledgeable estate planning attorney to create a trust document to achieve a specific purpose but the basic concept should be understood by anyone who is thinking about leveraging a trust. The three key groups involved in the implementation of a trust include the grantor, the beneficiary and the trustee. The grantor is the person who funds the trust with assets and creates it.

The beneficiary is the person or individuals who benefit from the trust. The trustee is the person who holds legal title to the trust’s assets and administers the provisions of the trust as outlined in the document. The trustee must meet a fiduciary responsibility to act in the best interests of the beneficiary. When used properly, trusts can be used to avoid the expense and delay of probate court, shield assets from potential creditors, minimize estate taxes, assist with issues of incapacity and move income tax burdens to beneficiaries in lower tax brackets.

To discover how a trust can be used to help you accomplish your goals, schedule a consultation with an experienced estate planning lawyer.

Schedule your free Exploratory phone call

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can be of assistance.

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listings and become a part of an amazing team.

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Recent Posts
Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim

Estate planning for business owners, particularly those known for impulsive decision-making, requires a nuanced approach. ...

The post Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
How Rising Interest Rates Can Affect Your FinancialPlans

Whether you are managing debt, investing assets, or developing an estate plan, changes in interest ...

The post How Rising Interest Rates Can Affect Your FinancialPlans first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Creating a Financially Organized Life

Here’s how to get a jump-start on creating a system to organize your bills, statements, ...

The post Creating a Financially Organized Life first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more