Currently viewing the tag: "grantor"

In Trusts We Trust: Day 36

January 9, 2012 by admin

Incentive Trusts, Day One What separates an Incentive Trust from any other type of Trust arrangement is that the beneficiaries must adhere to specific requirements set out by the grantor in order to receive assets from the trust. Sure, like all Trusts, an Incentive Trust is a legally-binding legal tool in which a designated trustee […]

Continue Reading →

In Trusts We Trust: Day 35

January 7, 2012 by admin

Life Insurance Trust A Life Insurance Trust is often chosen because it allows a grantor to exclude their life insurance from their taxable estate.  In addition, a Life Insurance Trust, can assist your heirs by providing them with an immediate influx of un-taxable cash, as well as helping to pay estate fees.  The proceeds from […]

Continue Reading →

In Trusts We Trust: Day 34

January 6, 2012 by admin

Irrevocable Trust As you might guess from the name, an Irrevocable Trust is a legal instrument that cannot be altered, changed, modified or revoked after its original execution. In contrast to a Revocable Trust, which can be changed at will, an Irrevocable Trust is iron clad; once the grantor funds assets into the Trust, there […]

Continue Reading →

In Trusts We Trust: Day 32

January 3, 2012 by admin

New Year Recap For the past six weeks we’ve been delving deeply into the world of Trusts.  Stick with us in the New Year and you’ll be one of the smartest, most informed people you know! We’re continuing on where we left off; for the next few weeks we’ll continue the series.  In case you’re […]

Continue Reading →

In Trusts We Trust: Day 31

December 30, 2011 by admin

Inter Vivos Trust The phrase “Inter Vivos” is Latin; it means “Between the living.”  In the estate-planning world, Inter Vivos is assigned to gifts that are given during the lifetime of the person giving the gift. What’s the difference between an Inter Vivos Trust vs. Testamentary Trust?  Inter Vivos Trusts are set up during lifetime, […]

Continue Reading →

In Trusts We Trust: Day 30

December 29, 2011 by admin

Implied Trusts Today we’ll cover Implied Trusts, which are generally the result of litigation over misused assets or assets that have been absconded with. An Implied Trust is a legal arrangement that has the characteristics of a trust without the formalities establishing one. An implied trust may not be expressly defined as a trust in […]

Continue Reading →

In Trusts We Trust: Day 27

December 26, 2011 by admin

Grantor Retained Income Trust (“GRIT”) As we continue on in our educational series on Trusts, today we cover Grantor Retained Income Trusts. A Grantor Retained Income Trust is a type of split-interest trust that can be used to move potential gain out of the grantor’s estate, thereby escaping higher taxes at time of death. On […]

Continue Reading →

In Trusts We Trust: Day 24

December 21, 2011 by admin

Generation-Skipping Trust A Generation-Skipping Trust is a legal tool in which the assets in the trust are passed down to the grantor’s grandchildren rather than to the grantor’s children.  These types of Trusts can provide immense savings in taxes because while the grantor’s children “skip” the opportunity to obtain the Trust’s assets, they also “skip” […]

Continue Reading →

In Trusts We Trust: Day 23

December 21, 2011 by admin

Express Trusts When a person uses the term “Trust,” what they are typically referring to is an Express Trust. An Express Trust is a deliberately created legal tool that is executed by a grantor to exercise his powers of ownership over his assets.  An Express Trust refers to Trusts that are specifically created by the […]

Continue Reading →

In Trusts We Trust: Day 22

December 19, 2011 by admin

Dynasty Trusts, Day Six When one is seeking to create a Dynasty Trust, generally that individual is a future-looking in nature. They are looking past their children to their grandchildren, great-grandchildren and beyond.  A person’s potential ability to cause a lasting and positive impact beyond their lifetime alone is very attractive prospect. The Dynasty Trust […]

Continue Reading →