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The Estate Planning Dealership: We Offer Different Models of Trusts to Suit Your Individual Needs

  • One Comment
  • July 29, 2020
  • by Brennan & Rogers, PLLC

Trusts are like cars and trucks; there are all types of makes and models. Examples include, but are not limited to:

Copyright Brennan & Rogers, PLLC 2019
  1. Revocable Living Trust (RLT)
  2. Irrevocable Trusts
  3. Simple Trusts; Complex Trusts
  4. Intentionally Defective Grantor Trust (IDGT)
  5. Charitable Remainder Trust (CRT)
  6. Charitable Lead Trust (CLT)
  7. Irrevocable Life Insurance Trust (ILIT)
  8. Stand-Alone IRA Beneficiary Trust
  9. Special Needs Trust (SNT) and Supplemental Needs Trusts (SNT)
  10. Discretionary v. Non-Discretionary Trust
  11. Medicaid Trust
  12. Bypass Trust (B-Trust or Credit Shelter Trust)
  13. Qualified Terminal Interest Property Trust (QTIP Trust or marital trust)
  14. Dynasty Trust (GST Exempt Trust)
  15. Grantor Retained Annuity/ Unitrust Trust (GRAT and GRUT)
  16. Spousal Lifetime Access Trust (SLAT)
  17. See-Through Trusts (accumulating or conduit)

And even within that universe, there are variations and/or nuances that can take years to understand and implement effectively. A Trust is a legal tool, and like any tool, in the hands of the right user, it can be a powerful aid. Often we are contacted by people who are certain they need a “trust.” Many don’t, but some do. A trust is not a panacea or cure-all for whatever ails your estate plan. Let us help you make an informed decision.

Driven by Passion, the value you love by people you trust: We will find the Trust that fits your estate planning needs!

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

One Response

  1. F. McAllister says:
    September 28, 2021 at 9:18 am

    Thanks very interesting blog!

    Reply

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