Frequently Asked Questions

• What Is A Trust?
  A trust is a fictitious legal entity that owns assets for the benefit of a third person (beneficiary). The Grantor of the Trust is the person who set up and gave money to the Trust. The Trustee of … more
• What Is The Qtip Trust?
  QTIP trust stands for the qualified terminable interest property trust. It allows certain property to qualify for an estate and gift tax marital deduction even though it ordinarily would not … more
• What Is A Totten Trust?
  Setting up a Totten Trust is as simple as going to a bank and opening a Trust account by yourself. A Totten Trust is best for amounts of about $20,000 or less. Larger amounts could present … more

Legal Articles

• Living Trusts
  Living trusts have grown in popularity over the last two decades.  A living trust (or an inter vivos trust) is a common estate planning tool as well as a tool to manage a person’s assets while they are alive.  As its name suggests it is a type of trust created during one's lifetime and is managed for the benefit of the person who creates it.  The participants in a trust … more

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