What To Do About Tricky Trusts

Trusts come in many types, shapes, and sizes and are used for many purposes depending on your specific goals and needs.

You can create a trust while you are alive or in a will.  

You can create a trust to protect a spouse and children, for tax purposes, to provide for a minor or special needs person, and or for a charity organization. Trusts can be a very important tool in your estate planning and or asset protection planning but they can also be tricky. And, to get exactly what you want in a trust, you must understand some important concepts.

What is a contingent beneficiary?

What is the corpus of a trust?

What is a fiduciary Duty?

The more trust language you understand the more likely you will have the best trust in place for your specific needs and or if you are involved in a trust( as a trustee, grantor, or beneficiary) you will better understand and to benefit from the situation.

To learn more, read our entire report on commonly used trust words and what they mean in A Guide to Lawyer Language: Understanding Trusts