- Are you worth more than $10 million? If yes, read about the Bypass Trust.
- Are you concerned about a family member who has a disability that limits his or her ability in any way? If yes, read about the Special Needs Trust.
- Do you fret that your heirs might squander the money you leave to them? If yes, read about the Spendthrift Trust.
- Do you own a lot of life insurance? If yes, then read about the Life Insurance Trust.
- Would you like a charity to receive a substantial amount of money upon your death? If yes, read about the Charitable Remainder Trust.
- Do you have children and expect your spouse to remarry after you die? Then read about the Qualified Terminal Interest Property (QTIP) Trust.
- Do you want to make certain that your assets are used for your benefit even if you are unable to manage them yourself? Do you want your assets to go directly to your heirs, avoiding the costs, delay, and publicity of probate? If so, read about the Living Trust.
- Do you want the bulk of your assets to go directly to your grandchildren? If yes, then read about the Generation-Skipping Trust.
In our next blogpost, we will show you different types of trusts.