Section · Plan
Trusts
From revocable basics to GRATs, dynasty trusts, and situs: the machinery of transfer and protection.
Educational reference: explanations and tradeoffs, never recommendations. Qualified professionals evaluate what fits a particular family.
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What Is a Trust?
A trust is a legal arrangement in which one party (the grantor) transfers ownership of assets to a second party (the trustee) to hold and manage for the benefit of a third party (the beneficiaries). By splitting legal ownership…
Pillar
Choosing a Trustee
Choosing a trustee is one of the most consequential decisions in trust design, because the trustee holds legal title to…
Pillar GRATsA grantor retained annuity trust (GRAT) is an irrevocable trust into which a grantor transfers assets, receives fixed…
01
Foundations
1 entries
02
Transfer Techniques
4 entries
IDGTs and Installment Sales
An intentionally defective grantor trust (IDGT) is an irrevocable trust structured so that its assets are removed from the grantor's taxable estate for…
SLATs
A Spousal Lifetime Access Trust (SLAT) is an irrevocable trust that allows one spouse to make a completed gift into the trust (using some or all of their…
QPRTs
A Qualified Personal Residence Trust (QPRT) is an irrevocable trust that allows a homeowner to transfer a residence to heirs at a reduced gift-tax cost by…
Charitable Remainder and Lead Trusts
Charitable remainder trusts and charitable lead trusts are "split-interest" structures that divide the economic benefits of donated assets between a…
QPRTs
A Qualified Personal Residence Trust (QPRT) is an irrevocable trust that allows a homeowner to transfer a residence to heirs at a reduced gift-tax cost by…
Charitable Remainder and Lead Trusts
Charitable remainder trusts and charitable lead trusts are "split-interest" structures that divide the economic benefits of donated assets between a…
03
Structures
4 entries
Dynasty Trusts
A dynasty trust is a long-term, often perpetual, irrevocable trust designed to hold wealth across multiple generations while keeping assets outside the…
Asset Protection Trusts
An asset protection trust is a legal structure designed to place assets beyond the reach of future creditors while allowing the person who funded the…
Directed Trusts and Trust Protectors
Directed trusts separate the traditional all-in-one trustee role into distinct functions: investment management, distribution decisions, and…
Trust Situs
Trust situs refers to the legal domicile of a trust, the state whose laws govern how the trust is created, administered, and taxed. The choice of situs…
Asset Protection Trusts
An asset protection trust is a legal structure designed to place assets beyond the reach of future creditors while allowing the person who funded the…
Directed Trusts and Trust Protectors
Directed trusts separate the traditional all-in-one trustee role into distinct functions: investment management, distribution decisions, and…
Trust Situs
Trust situs refers to the legal domicile of a trust, the state whose laws govern how the trust is created, administered, and taxed. The choice of situs…
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