Security & Control
Re-write me: Have peace of mind knowing your assets will be distributed according to your wishes. You can also delay access to assets until your beneficiaries reach a specific age or goal.
Privacy
Re-write me: Trust account information isn’t public record. Estate, asset and beneficiary details will always be kept confidential.
Avoid Probate Court
Re-write me: Unlike with a will, assets held by a Trust skip the time-consuming and sometimes costly process of probate, where a court organizes and distributes assets.
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Trust Types Explained
Re-write me: Choosing a type of trust depends on why you decide to create one. A professional who specializes in estate-planning laws for your state can help you find the right fit for your financial life.
Revocable | Irrevocable |
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Grantor acts as Trustee and maintains ownership of the Trust throughout their lifetime |
Once assets are transferred into a Trust, the Grantor no longer owns them |
Asset, beneficiary and other information can be changed any time |
Asset information can be updated, but beneficiaries can’t be changed |
Grantor is responsible for paying taxes on Trust assets |
Helps reduce or avoid estate taxes at the grantor’s death |
Assets aren’t protected from creditors or other claims |
Offers some protection of assets from creditors or other claims |
Can be dissolved |
Can’t be dissolved |
Rates effective as of: December 28, 2024
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Rates effective as of: December 28, 2024
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