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Types of Testamentary Trusts In our previous article on trusts – “Do You Need a Trust? Part 1 – Living Trusts” – we described the kind of trusts estate planning clients are persuaded to create while they were still alive. We also...
A lot of people are told they need a “trust” for a proper estate plan. However, there are many different kinds of trusts, including living trusts, so it is very important to know what kind of trust you are talking about. Here we will discuss several common types of...
Contingent Trust Defined If you have minor children, what is the best way to provide for them in your estate plan if both parents die? For most people, the answer is the contingent trust. When many people hear the word “trust” they think of something...