Skip to content
  • Home
  • About Us
  • Our Team
    • Mary Kathryn Brennan
    • Smilie G. Rogers
    • Michael A. Cahill
    • Katherine M. Audet
    • Staff
  • Services
    • Elder Law
    • Estate Planning
    • MaineCare
    • Probate
    • Other Services
  • Zoom Session
  • Resources
    • SECURE 2.0
    • ACRS Newsletter 2022
    • Downloads & Links
    • Our Blog
      • Empowered Aging
      • Cognitive & Neurological
      • Caregiving
      • COVID-19
      • Elder Law
        • Disability Planning
        • Elder Abuse
        • Medicare
        • MaineCare/Medicaid
        • Social Security
      • Estate Planning
        • Advance Healthcare Directive
        • Powers of Attorney
        • Trusts
        • Wills
        • Guardianship/Conservatorship
      • Tax Issues
      • Long Term Care
      • Retirement
      • Veteran’s Issues
    • Archived Newsletters
Menu
  • Home
  • About Us
  • Our Team
    • Mary Kathryn Brennan
    • Smilie G. Rogers
    • Michael A. Cahill
    • Katherine M. Audet
    • Staff
  • Services
    • Elder Law
    • Estate Planning
    • MaineCare
    • Probate
    • Other Services
  • Zoom Session
  • Resources
    • SECURE 2.0
    • ACRS Newsletter 2022
    • Downloads & Links
    • Our Blog
      • Empowered Aging
      • Cognitive & Neurological
      • Caregiving
      • COVID-19
      • Elder Law
        • Disability Planning
        • Elder Abuse
        • Medicare
        • MaineCare/Medicaid
        • Social Security
      • Estate Planning
        • Advance Healthcare Directive
        • Powers of Attorney
        • Trusts
        • Wills
        • Guardianship/Conservatorship
      • Tax Issues
      • Long Term Care
      • Retirement
      • Veteran’s Issues
    • Archived Newsletters
Subscribe to our newsletter!

Beyond Generous, Creating a Trust for Gifts to Your Grandchildren is Financially Smart

  • No Comments
  • July 6, 2019
  • by Brennan & Rogers, PLLC

The financial stability to leave our grandchildren an inheritance is something we all aspire to be able to do. We want our loved ones to have something to remember us by and leaving a sum of money is a common choice. Setting up a trust is often overlooked in the planning process. There are tax benefits that gift-giving via a trust can have on your estate including but not limited to:

  1. No gift taxes are due with the transfers up to $15,000 (in 2019)
  2. The trustee retains control of the trust
  3. The trust pays taxes on any earned income

Creating a Trust for the Gifts you Give Your Grandchildren

This article is for informational purposes only and shall not be construed as legal advice. No attorney-client relationship between the reader and Brennan & Rogers, PLLC, or its attorneys is intended. This article should not be used as a substitute for legal advice. Laws may vary from state to state, and the educational materials found in this article may not apply in all jurisdictions.  

Brennan & Rogers, PLLC | 279 York Street, York, ME 03909 | 207-361-4680 | admin@brennanrogers.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PrevPrevious Post
Next PostNext

Socialize With Us

Facebook-f Twitter Instagram Linkedin-in Yelp Pinterest

Copyright © 2023 Brennan & Rogers, PLLC - All Rights Reserved.

  • Paying Your Bill
  • Terms of Use
  • Archived Newsletters
  • Paying Your Bill
  • Terms of Use
  • Archived Newsletters

“Best Law Firm”

2022 Best of the Seacoast
Community Choice Awards!