Controlling assets
A trust makes it easier to keep your assets within the family.
Protecting assets
Your assets can be protected against certain claims, such as your beneficiaries’ debtors.
Reducing your taxable estate
You can also create lifetime trusts that exclude assets when you die. These assets can then go to your children free of estate tax.
You can maintain control of the trust during your lifetime. Advantages include lower cost and a streamlined estate settlement process.
Qualified Terminable Interest Property Trust
You can provide your surviving spouse or partner with a life income and choose who will receive the remaining assets after their death.
Grantor Retained Annuity Trust (GRAT)
A GRAT is an irrevocable trust that holds assets such as cash, securities, and real estate. You retain the right to collect an annuity (for a fixed period of years) from the assets.
Credit Shelter Trust
This option may help you and your spouse or partner take advantage of estate tax exemptions, thereby maximizing assets passed on to your children.
Charitable Remainder Trust
You can transfer property to a trust set up for the charity of your choice. The trust pays you an income for life or for a fixed period of time.
Charitable Lead Trust
This trust pays income to a charity for a set amount of time, after which the assets pass to your named beneficiary.
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