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Trusts

Living Trusts

A living trust is an effective means to avoid Probate and transfer property at your death. A living trust is a legal document that controls the use and transfer of any property you have placed in trust. When you die, your named beneficiaries receive the property. If this sounds like a Will, you’re right; a living trust allows you to do the same basic things a Will does, with the huge added benefit of avoiding Probate.

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AB Trusts

An AB TRUST is the most popular form of an ongoing trust, designed to lessen or eliminate estate taxes (an “ongoing” trust is not revocable, like a living trust). These irrevocable trusts are most effective when used by married couples with combined assets exceeding the estate tax threshold.

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