Enables certain benefits to go to a charity, and the rest to your beneficiaries. This provides tax benefits such as income tax deductions and lower gift and estate taxes while supporting charitable causes.

An irrevocable trust that lets you receive an income stream for a defined period, which may be a lifetime. Following this period, any remainder goes to charity.

Once we understand your family, we’ll discuss your current burdens and available assets. For example, a top concern may be who handles your wealth after your death. If necessary, we can refer you to a specialist in elder care or estate planning so that you feel confident your legacy will be handled properly.

This trust can maximize estate tax exemptions for married couples. When the first spouse dies, an amount up to the estate tax exemption is placed in the trust to benefit your heirs tax-free. The surviving spouse can access the trust's income under certain conditions.

Authority is granted to another individual to make certain decisions on your behalf. This authority extends to the end of your natural life, unless it is revoked before that time.

An individual named in the will who is responsible for managing and distributing your estate after you die, according to the will instructions. This person should be responsible and trustworthy to make sure the estate is settled legally and efficiently.

Under the generation-skipping tax exemption, the trust assets are distributed to grandchildren or later generations without incurring taxes on the exemption amount.

This person creates and funds the trust by transferring assets into it. Besides setting the trust terms, including how the assets should be managed and distributed, the grantor appoints a trustee to oversee these duties.

An irrevocable trust can't be modified, amended, or terminated by the grantor after it's established unless the beneficiaries consent. This structure provides significant tax advantages, including reduced estate taxes and asset protection from creditors.

Authority is granted to an appointed person to act on behalf of the grantor to manage trust-related affairs if the grantor becomes incapacitated. The authority ends when the person granting the authority revokes it, becomes incapacitated, or dies.

The legal process of validating and settling a will. This includes identifying and appraising their assets, paying taxes and debts, and distributing remaining assets to beneficiaries. This court-supervised procedure promotes the lawful transfer of assets.

Typically used to provide income for a surviving spouse. When the spouse dies, the remainder of the assets go to the specified beneficiaries. This type of trust is often used in second marriages.

Also known as a living trust, this trust is flexible and can be changed or dissolved at any time, if the grantor's wishes or circumstances change. The grantor can benefit from the trust's assets while alive and promote a smooth transfer to beneficiaries upon death by bypassing the probate process.

A legal document that provides instructions about who will settle your estate (typically an executor). Your will can also specify guardians for minor children and how the property should be distributed to heirs.

Used for beneficiaries who are physically or mentally challenged. It stipulates that the beneficiary can use the trust property for his or her benefit while receiving essential needs-based government benefits.

An individual or person that is the legal owner of a trust. This person is responsible for managing the trust's assets and otherwise acting according to the trust terms.

An individual or institution appointed to assume management and administration of a trust if the original trustee becomes unwilling or unable to assume or continue in the role. For living trusts, this is the individual named the succeed as trustee upon the owner’s death.