In Trusts We Trust: Day 42
Public Trust A Public Trust is another name for a Charitable Trust. As the name implies, a Public Trust or Charitable Trust is an Irrevocable Trust established for charitable purposes. This type of trust has one or more charitable beneficiaries, and may be set up during a donor’s life, or as a part of a […]
Continue Reading →In Trusts We Trust: Day 41
Private Trust Over the course of the past forty days we’ve covered trusts from the A/B Trusts to the Personal Injury Trusts and everything in between. Today we’re covering Private Trusts; these are Trusts created for the benefit of one or more private beneficiaries; they are not Trusts that are created for the benefit of […]
Continue Reading →In Trusts We Trust: Day 13
Charitable Trusts, Day Eight: The NIMCRUT, Part Two In addressing Split-Interest Trusts we’ve seen that they are unique types of trusts that are established to benefit both charitable and non-charitable recipients. These trusts are designed for those who have both philanthropic and family needs to attend to. The final type of Split-Interest Charitable Trust we’re […]
Continue Reading →In Trusts We Trust: Day 12
Charitable Trusts, Day Seven: The NIMCRUT We’ve been addressing Split-Interest Trusts recently; those are unique types of trusts that are established to benefit both charitable and non-charitable recipients. These types of trusts would be a match for you if you have both philanthropic and family needs to attend to; if you both want and need […]
Continue Reading →In Trusts We Trust: Day 11
Charitable Trusts, Day Six We’ve been addressing Split-Interest Trusts recently; those are unique types of trusts that are established to benefit both charitable and non-charitable recipients. These types of trusts would be a match for you if you have both philanthropic and family needs to attend to; if you both want and need to care […]
Continue Reading →In Trusts We Trust: Day 10
Charitable Trusts, Day Five We’ve been addressing Split-Interest Trusts recently; those are unique types of trusts that are established to benefit both charitable and non-charitable recipients. These types of trusts would be a match for you if you have both philanthropic and family needs to attend to; if you both want and need to care […]
Continue Reading →In Trusts We Trust: Day 9
Charitable Trusts, Day Four Two days ago we began covering Split-Interest Trusts: trusts that have both charitable and non-charitable beneficiaries. These types of trusts are valuable for those who have both philanthropic and family needs to attend to; they both want and need to care for their family, but also want to take advantage of […]
Continue Reading →In Trusts We Trust: Day 8
Charitable Trusts, Day Three Over the past two days, we’ve covered Charitable Trusts. Again, a Charitable Trust is an irrevocable trust established for the benefit of a specific charity; it also can potentially give the trust grantor a tax deduction. If executed correctly with the help of a qualified attorney, a Charitable Trust entitles the […]
Continue Reading →In Trusts We Trust: Day 7
Charitable Trusts, Day Two Charitable Trusts are established to both benefit a particular charity and to benefit the trust grantor as well. The benefit to a particular charity is obvious; they gain much-needed funds. The benefit to the grantor creating the trust is that they can lower the amount of estate taxes that the grantor […]
Continue Reading →In Trusts We Trust: Day 6
Charitable Trusts, Day One A Charitable Trust is an irrevocable trust established for charitable purposes. This type of trust has one or more charitable beneficiaries, and may be set up during a donor’s life, or as a part of a trust that activates upon death of the donor. Why would a Charitable Trust be of […]
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