- Advantages of trusts
A trust is a legal entity that is created for the purpose of transferring property to a trustee for the benefit of a third person (beneficiary). The trustee manages the property for the beneficiary according to the terms specified in the trust document.
- How a grantor retained income trust (GRIT) works
- How an irrevocable life insurance trust (ILIT) works
- How an irrevocable trust protects assets
- Spousal Lifetime Access Trust (SLAT)