Are You a Candidate for a Trust?
A trust is an arrangement in which property is managed by one person or entity for the benefit of another. It can be a solution to potential estate problems. Consider the following factors to decide if you need a trust and which is best suited to your situation.
Charitable trust for you and other loved ones. A properly structured trust can provide lifetime payments to you and your loved ones and can also be beneficial in providing a future gift to a charitable organization such as the Air Force Academy.
|Get a free guide on a popular charitable trust option.|
Revocable living trust for your future care. If you are unsure about your long-term ability to manage your money, naming yourself as trustee of a living trust allows you to continue controlling your finances now. Plus, you can name a "backup" trustee in case you later become disabled.
Trusts for grandchildren. A trust can distribute income to your grandchildren in the manner and at the ages you select. A special needs trust can provide for a disabled child's needs and preserve government entitlements.
Your estate planning attorney can help you determine whether a trust is right for you. If charitable giving fits into your plans, we are here to answer your questions. Contact Dale Zschoche at 719.238.7510 or firstname.lastname@example.org to learn more about creating a trust that benefits you and the Air Force Academy.
There are many different types of trusts, and depending on which type you choose, trusts can be used to:
- Eliminate estate and inheritance taxes.
- Reduce income taxes.
- Smooth the difficulties associated with disability and old age.
- Provide professional investment and asset management.
- Prevent family assets such as farms and businesses from being divided or sold.
- Avoid probate and some of its delays in estate administration and distribution.
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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.