What is a Testamentary Trust?
A testamentary trust is a type of trust that is created through a person’s will and becomes effective only upon their death. Unlike living trusts, which are established and functional …
When Should I Use a Will With a Testamentary Trust?
A will with a testamentary trust is an estate planning tool that creates a trust upon your death, as dictated by your will. You might use a testamentary trust in …
What is Estate Planning?
Estate planning is the process of organizing and managing a person’s assets and affairs to ensure that their wishes are carried out both during their lifetime and after their death. …
What is a Trust?
A trust is a legal arrangement where one party, known as the trustor (also called the grantor or settlor), transfers assets to another party, known as the trustee, who holds …
How can I Minimize Taxes on my Estate?
Minimizing taxes on your estate requires strategic planning to ensure that as much of your wealth as possible passes to your heirs rather than to tax liabilities. Here are several …